Tuesday, October 4, 2011

Yes, I'm bearish

I received a message that I shouldn't be a perma-bear and that we can squeeze hard here

First, I'm not a perma bear, but I am bearish when we are in a Bear market, duh! I agree we could get squeezed short term, but we have more than a one or few day squeeze to get us out of the Bear market, sorry to disappoint everyone!

As I've been saying, the internals are not brisk here by any means to the upside, and that makes me cautious on the long side.

If things change, I will, until then, Im flat awaiting an opportunity from either direction.

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