I made an interesting observation today. I am sure you caught it too. over the past year+..the market has reacted very well to LBO news, and pumped up the market on almost every occasion, while many hawkish comments have been dismissed. today...despite the largest LBO in history, the market eats crow. as soon as it opens. I find that "change of heart" quite important. I am going to look at more opportunities net short for a while.