...here's one for the Bears, not saying this would happen....

...here's one for the Bears, not saying this would happen.



...but if you heeded my caution from the outset, being sidelined isn't so bad.

	Column 1
0	Column 1 0 Feeling "implicitly short"?Well, you are not alone. Equity exposure among active managers is at very low levels. Hedge funds show a similar picture. What is the main pain trade from here? Barclays Barclays

	Column 1
0	Cash is king?US recession probability has spiked, leading to people rushing into money market funds. It would be interesting to see what they do should the bounce turn into a squeeze...

[/table]