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To: Box-By-The-Riviera™ who wrote (403321)	4/22/2010 1:03:35 PM
From: Real Man	Read Replies (2) \| Respond to of 436258

No, the call is the same as before. I can't say for sure if we have seen the top already, but it's likely April expiration could be one. We slide slowly from here, then accelerate in 2011 if the Fed keeps ZIRP but stops the presses, as they are doing now. Nobody can say for sure what the Fed will do. However, they will likely restart the printing press once the Spoos drop becomes serious. You can't make long term calls in an environment with the Fed present. They can easily print trillions and send spoos to 2K if they choose to do so, but that's not a free lunch.