Quote from Pa(b)st Prime:
At least you're smart enough to leave trading to traders. I'm not long or short stocks (I'm a small short in gold) but:
1. There's WAY too many shorts
2. The end of the world view is WAY too crowded (and I'm in their camp-too many of us)
3. There's peculiar strength in the economy. Detroit is supposed to be shite on earth yet the Tigers had 20,000 plus come out three nights in a row to watch meaningless April baseball in frigid temps.
4. The market isn't ready for it's next implosion until sentiment loudly says "the worst is over, thank God Obama knew what he was doing." For all I know it could take six more months to burn out enough bears to roll over again.