Hey Blade,
The macro environment has really never been strong throughout this last 2 year run. I think that while you guys are waiting for some clarity, the market might just surprise you and bounce back. Earnings have been good, S/P is trading cheap right now and inflows are bound to come back to US equities b/c these fund managers are going to need to get some returns for their clients. This has been the nature of this recovery. Nothing really to get excited about. Anything positive and these whores will start falling over themselves to buy back in. I will admit that September is a long way off and August does make me nervous.
Another reason I am still moderately bullish is that the fear mongering in the last 2 weeks is off the charts. I am sure a lot of people did what you and BTH did. Nothing wrong with that. That makes me skeptical about selling and hoping to buy back when things are more certain. While I am waiting for $8-$9, it will be back over $11-$12, IMO.
I may regret it, but I am holding on. I am still optimistic the overall will bounce back and we will see $15 by the end of the year.
GL because we will need it!
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