terrific tuesday, page-48

Dicey.

I hear you, my shorts have been pared back significantly....just as my longs were pared back significantly RIGHT before March nuclear blastoff.

Market has gotten cocky. But when you see missle launches, bird flu, bankruptcies and sovereign wealth fund related sales of their investments going into cash, and yet the market keeps on going up...you have to wonder the sanity of the market compared to yourself.

I remain a steadfast bear, although i swear a few times last night i was tempted to cover and go long.

I have decided to pare my shorts right back, and anticipate a 10% upside, as I am fully aware the trend will turn at some point, and I don't wanna be caught long when it does.