Bearmove, when you predict a 20% decline in the stock market for 2004 should I assume you mean on 12/31/04 we will be 20% lower than we were on 1/1/04 or do you think we just get a 20% drop at some time during the year? You also mention getting short 2/3 way through earnings season. Does that mean you expect to get short around end of January and if so will you scale into let's say a 100% short position?
Whereas Zeev is bearish right now but still 25-50% long, what will be your plan?
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