My post from yesterday afternoon generated over 400 comments and a lot of personal emails. Most people were supportive; a couple had issues with it; and more than a few were worried I was about to jump off a bridge. Don't worry, you guys would be the first to know.

A lot of folks were wondering, "Where?" Here are the results of the most recent survey I did on this topic; I think it's an interesting guide:

The source of the respondents also shows that Slope isn't totally U.S.-centric:

As for today, nothing has really happened so far. I'm still kind of mentally screwed-up from yesterday's rally-out-of-the-blue.

When an individual whom I respect has a very different point of you, I'm more inclined to doubt myself than to doubt them. I've been somewhat conflicted lately (well, I'm always conflicted – but I'm just picking one particular example) since fellow blogger Gary Savage is projecting gold will push its way much higher, to about $1400 or even more.

To be fair, Gary is saying gold is probably due for a correction soon, so we're in agreement there. When I look at a graph like this, I get way more excited about the short side than the long side.

Perhaps time will prove us both right – – that gold is indeed due for a meaningful correction, but ultimately it will move well into the four figures. I guess my time horizon is a lot shorter than a lot of other folks.

I've been in too much of a funk since yesterday afternoon to do a post, but here it is, 4 in the morning, and it's pouring rain outside, so I thought I'd at least break up the multi-hundred count of comments.

There's been plenty of talk on the board about how the leveraged ETFs are best for day trading. If you want a poignant example of that, I encourge you to check out this post from last summer.

Scroll down memory lane, and click on the Present tab for some of the issues – – ANF, XEC, CRK, BTU – – it's a sight to behold. But then do the same with DUG. See anything different?

That's right – in spite of energy being hugely, hugely down since last summer, DUG (which is double-bearish on energy) is down too! I know the basic idea isn't news to anyone here, but a comparison of the charts on this post from the past really bring the point home.