new high

Closed at a new high today. Thats a new high since 2001. My shorts are dragging me down a little and if things continue like this they may drag me down a lot. But I don't want to sell them. I am convinced that a downturn is right around the corner. But I've been wrong before. Got to decide whether to continue holding through the weekend or take what I got right now. I could make another 3,000. How are earnings going to be? I guess if the forecasts have been low-balled good enough most companies will beat and it will still be party time. But how long can these companies keep playing this game? When is reality going to hit? I am planning over the next month at unloading most of my longs and getting more short using the proshares ultra funds. I hope I don't get hurt, because it is basically placing a bet on what the future will bring, which I think is lower prices.