[Editor’s note: Please see important note below on next post timing]
I think the bull run nonsense of 2009/early 2010 is totally kaput, but I also think there are so many battered issues that a bounce of some note is in the cards before long. Energy and retail seem like two sectors prone to the most relief.
Looking at the DIG (the ultra-bullish on energy) is a somewhat compelling case. For myself, I only have one large long now – XLE – but otherwise it’s shorts across the board.
Next Post will be at 2:00 p.m. EDT. You can find it by clicking on the New Post below. Be a friend and shepherd someone along…..
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