Just So We’re Clear

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For the past two days, the bulls have made a run at 1100, only to be beaten back like a squad of Joan Rivers impersonators at a Promise Keepers convention.

I want to be perfectly clear that I am using this as an opportunity to load up on shorts. I think people buying into the market right now are going to be sorely disappointed by the end of next month – – perhaps much sooner – – and I personally consider the absurdly high prices of equities to be the best opportunity the bears have had to make money since the summer of 2008.