Oh but the big play could be in the short positions, which are modest at the moment. So I will now ride PM positions, hopefully to targets in the near term but become ever more focused on where to short this pig going forward. Targets targets everywhere, upside and downside.
Yes, the markets have become fun again. Hope '09 was boring. Of course, they could break down the GSR once again at which point I would have to get my ego in line and reevaluate. But until then, they are not to be trusted. Odds overwhelmingly favor this being a suck in of the contrary indicators who sold last week.
