...and I don't mean as opposed to gay bears. I mean straight bears who go far net short as opposed to bears who short the broad or selected markets while maintaining the view that perhaps this construct will remain buoyant or rise to some degree due to effects of inflation, monetary debasement or printaholic, spendaholic behavior. Another cyclical bull market leg is very possible pending needed correction.I used this chart in NFTRH a few months ago before the COMPQ had surmounted the top tine of the downward pointing fork. I will let you ponder the potential implications here because the ongoing analysis must be reserved for the letter. But it is interesting is it not? There is certainly the potential for disappointment on the part of bears that think there will be an Armageddon '10. At least in the first half of '10. It is also why I remain a gold and gold stock investor.
Long the good stuff and short some of the garbage. It has been working nicely for weeks now.
