ZH maybe if you think that the next up should be used to get out ahead of the Nassacre then that is what we are seeing now ie people leaving early before the fun starts.
Sorry I had not noticed that the word Nassacre was back on the agenda. I recallthat it didn't happen last year when it was aniticpated but if we get it this year then it might be with a vengance.
I just can't see why any hedgie or insititution is going to buy anything for a couple of quarters. Why should they take any risk with the presence of 2000 like volatility and the Fed charging about chucking out market shaking comments like they are and a tenuous recovery and not much by way of big job creation.
They are obessesed with the market sowwhy fight them?