Could the market EXPLODE to the upside?

YES

I can’t predict but many areas of the market look awesome from a price perspective. It is a feeding frenzy.

I am off margin and feeling completely underinvested. No one away from Wall Street owns stocks. The average investor is long housing stocks, Yahoo (I am long but for the right reasons :) ), Ebay and oil I think. They wish they owned gold as a hedge against the end of the world. Yutz’s.

It is very calm and rotational unless you own oil. I own some USO and it truly is my only losing position right now. It was a stupid broken buy/trade in the low $50’s and a stupid hold here. I am holding :) and stupid .

Those assanine Goldman Sachs calls for $100 oil when oil was at $80 should be jammed down their throats. I have not heard that call now in a while. Oil would have to double from today’s prices.

Price targets are absurd and reduce credibility.

I am very interested in the price action of the BBH (Biotechs ETF). Amgen and Genentech are the household names. They have marked time for 2-3 years in wide chop and they could be ripe (no positions).