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To: Ed Ajootian who wrote (142402)12/7/2010 7:36:52 PM
From: profile_141 Recommendation  Read Replies (1) | Respond to of 206176
 
I passed. The securities are not marginable. Plus I think the market is overstretched on many fronts. I pared back a significant amount of long exposure yesterday and today and not only went net short by so doing, but also added to the short positions and a few puts to boot. I don't feel good about this market hype. Two-year high in the S&P and 9.8% unemployment? Massive rally since August and no pullback per se? Sounds like a sucker's bet to be long going into the new year, IMVHO.