A vote of no confidence, yet markets continue to ratchet up, albeit slowly.
Igy, the guy I know who has been shorting commodities is up between 20-25%. He has been only semi-aggressive, and has been shorting mostly gold, but also oil. He has also been shorting energy and mining on the TSX.
Talked to a friend yesterday who has a target date Vanguard 401k. He got nervous during the last correction, and plans on moving it all to cash very soon, as he sees the latest rise as a dead cat bounce. He also has brokerage accounts, and is moving a bunch of them to cash today.
Of course relating one person's feelings and actions doesn't say much, I just thought I would put it out there. DJIA at 17.6k at the moment.
One more thing: regulatory barriers in the USA are getting ridiculous, and adding huge sums to the cost of products and services, not to mention delaying many intrinsically worthwhile projects. Can't say what I'm currently working on, but what I can say is that, compared to even only 15 years ago, regulation seems to have spiraled out of control. My current big project will likely be the last I do in the USA, and even my current small project--renovating the condo next door--will likely be my last US real estate acquisition, except for maybe some acreage in Pennsylvania.
Just some random thoughts.