BW,
The way this market is behaving, only something catastrophic will roll this market over. Regardless of the doom and gloom scenarios out there, the market will not bite. This government will continue to inject printed money regardless of future consequence. The game is rigged now more than ever. I hate to say it, but I am getting out of my shorts. I went back into my full TZA position at 28 and change and am getting my ass handed to me. I have some margined shorts that are being called and I don't see anything near term to flip this market. There continues to be more wall street gurus predicting disaster over going long. That in itself leads me to believe the market will continue to trend upward. Once everyone is on board, and sidelined money reenters the market in higher volume, then and only then will the legs get chopped out. I am not certain that this will happen anytime soon...maybe Q1 or Q2 2011. I don't think I can manage the pain until then. This market has me back to rooting for cortex to prevail. That in itself is sad. I won't join this market but I can no longer fight it. GLTY.
