I learned that you can't make money shorting in this market currently. As stocks careen higher, the gap between fundamentals and valuations will widen, providing opportunities to short in the future. In the meantime, I'll try my best not to get sucked in.
What is worth mentioning is that this market is currently near-impossible to short.
~ Fred Hickey, "The Smartest Dumb People in the World," The High-Tech Strategist, November 5, 2010