Betting on the Unimaginable

Even though the broad averages appear likely to trade at new record highs, I’ve recommended a small short in DIA not far above yesterday’s peak.  I’m going against my gut on this one simply because that which I, and presumably many others, are unable to imagine — in this case, the violent short-squeeze of the last two weeks simply sputtering out in the opening minutes  — will always be worth betting against, at least in a small way.