Central Bankers: 183. Bears: 0.

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I am seriously starting to lose hope we're going to see a bear market ever again in our lifetimes. If central bankers can simply press a computer button and push the market perpetually higher, what's the point?

The ONLY bear market right now, it seems to me, is in bonds. The "clean setup" I pointed out yesterday is working out, and I'm augmenting my long position in TBT, the ultra-bear fund for bonds. Here's the ZB as it tumbles away:

0907-zb