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June 04, 2009



You're the grateset! JMHO


Good points Hood. Tough to fight the position now. However, I have a feeling a few rude "surprises" are coming in the next few months that are going to at least square these guys up.

You are right though. The trading technicals are a lot different this spring than last and that is important.

The Hood

ES, I share your concerns about the structural problems in the economy but just remember that all those HF's that were ganging up to short the crap out financial stocks (and CDS) over the past year or two are now long and many are bulled up and that's powerful. I am a skeptic like you but there is a serious bid in the market. So we can't stay bearish too long. DF

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