Dennis, Beebs, et al.,
As you all know, Favors, Sew, and others are calling for an eventual decline to very low levels. Now, that may not happen tomarrow, it may not happen the next day, but it very well may happen. When it does, it won't happen in one day. You won't miss the entire shooting match if you get there a little late.
May I with all humility suggest that you might sleep easier if you were in cash instead of short?
Rather than trying to second guess the public, why not be in cash and then when the #@$% hits the fan, go from cash to a bear index fund and ride it down.
Remember, there have been a lot of busted players over the years who were right...but early.
I sincerely hope that you all score big time, don't misunderstand me...I'll be with you, just a day latter. I'm just a little concerned with this undercurrent of anxiety on the thread.
Your fair weather bear,
Jay
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