The notion that 'doom and gloomers' can only be short as a way to expres their bearishness on the economy is such a load of crap.
There are for instance 'doom and gloomers' who believe in peak oil and that the lack of fossil fuel will result in a Mad Max society one day.
Oil did great in 09 and so did oil stocks.
There are also 'doom and gloomers' who believe countries and central banks will try and inflate their way out inflating untill there are no more trees.
That implies rising stockmarkets, rising precious metals and weak paper currencies.
No need to point out the profitability of that scenario in 09.
Im done adding to my inverse etfs as I know the market is going to continue higher, my last investments in these etfs were yesterday, im done, this could worry the bulls knowing how bearish I am and knowing that this market is headed higher for no reason at all.