Friday, 8 May 2009

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Bear Market Rally or New Bull?

In my opinion, this is a bear market rally. However, my opinion may belie the fact that I am currently long stocks until I think the current up move is over. I think peak of this rally is a few months away (probably late July thorough early September). All this talk about "green shoots" and "glimmers of hope" are just that. There isn't going to be a meaningful recovery this year, and sooner or later the market will figure that out. At that point, it will be time to short everything in sight.

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