Well, my cocky swagger yesterday about the bulls being marooned on an island has been thoroughly cock-blocked. The only good things I can say are (a) my bearish-on-bonds call early last week has been pretty solid the whole time (b) I haven't been heavily committed to shorts, sticking to around 40%, as I've been saying.
And a good thing, too. The surge has been relentless. If, God forbid, we break 1223.75, I think 1265 or so is next up to bat. It'll partly depend on if today's surge has legs or if we get another shooting star.
