Let me also add that it is looking like going long in late July early Aug, and reverting into the buy the dips aggressively and trim moderately on the rallies mentality for the next two years, looks about right to me. It may start to get very simple again.
The bear was way overdone selling as well. It seems that this is a market of extremes. There is a lot more shorting going on this year than last year. I guess we have to lay that at the feet of Maria Bartiromo. But it serves to exacerbayte the donside as well as the upside. <G>
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