Market Pop could Boost Dollar

The market rally may be very close to hitting its peak. There are alot of mixed feelings about the markets which seem extremely overbought. Is there really enough supporting data to jusitfy the extended rally? Irrationality seems to have taken the reins recently as markets surged higher on only better-than-forcasted earnings and positive words from the fed. There seems to be more supporting evidence against a recovery than for one, which is why I think that our rally could return to bear market before long. The third quarter could still hold positive earnings for some businesses, especially those that benefit from the cash-for-clunkers programs and the like. The second wave of the mortgage crisis will most likely amplify the downturn as negative sentiments and bad news mix to create a greater sell-off. move into short positions on the Markets and Financials, Real Estate shorts are a good position as well. I may also buy a small stake in Atlantic Energy Solutions(AESO) as it seemed to perform well during the last market downturn.