Probably the Most We Can Hope For

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As delightful as yesterday and today have been, the criminals on Wall Street – NONE of whom has been prosecuted, as a just and loving God would have ordained by now – will levitate equities again sooner or later. The most ambitious projection we bears can embrace is 1530, and that, my friends, is indeed hopeful. I remain nervous, in spite of adding carefully-chosen shorts to my portfolio.