The current market looks to be the the opposite of 1987 Back then stocks and interest rates soared until stocks finally collapsed. Now stocks and rates are dropping together. We should soon reach the point where rates are low enough to trigger a strong rebound in stocks. Not Naz 2500 or anything close, but a good chance of marginal new highs IMHO.
Softie is ALWAYS 100% short, but if the market is rising he is of course HEDGED. It's nice to see him posting this summer, last summer he wasn't in the mood. <G>