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We ought to be grateful Mr. Market is so forgiving and offers us these amazing chances to dump all long positions at higher prices and go 200% net short almost every day now.
This market is like just like a bloated hog wearing bright, red lipstick. What do you see when you glance at first?... those disgusting, cellulose laden, hind legs and engorged, lard encased rump, or those vivid, red lips? QID and SDS. Time stamp it.
This may be of interest: http://www.investorsinsight.com/blo...arned-to-stop-worrying-and-love-the-bomb.aspx FWIW I initiated a small position in MAY QQQQ puts today and plan to add to it this week (my dilemma is do we hit the DTL around 47 in the next couple of weeks 1st perhaps on the back of some upside surprises in the financials before turning down or do we break the UTL here and now and head back to 40-42). Getting conflicting signals still but no longer ST bullish as I was end of March. I am sitting on a large gain on bull put spreads that I am also trying to protect otherwise I might wait a bit longer before initiating a short equities position.
The market has granted a gift: A special 2nd chance to short the hell out the market, and make an absolute killing. Few stocks will be spared in the next wave down. Commodities will implode as a corollary of China's massive slowdown that will be marked by the Olympic Games. The only safe haven will be credible government backed debt, despite the measly returns, but deflation will return eventually, as preservation of capital becomes the #1 name of the game.
Permabulls want to shout from the rooftops that we've managed to 'doubleclick' our way out of tremendously recessionary economic trends. Brother, the bull is going down by the tip of the spear. Bank on it.