Don't get in front of the bus... FAZ went down 47% today and the mkt has been screaming. I would be more patient before being bearish on the market. The news must be monitored extremely closely because if there is any hindrance of govt buying of toxic assets, the mkt will tank in my opinion.
Personally, I was thinking going short around 850 (S&Ps), but after today's monstrous rally I might just have to wait until 880, 890.
Cautionary Reminder: Opinions are like assholes... everybody's got one!
