Updates

I am short AN ... other favorite shorts include ESS, HSIC, DHR As for inverse ETFs they are all now below my cost: my favorites are QID, SDS, TWM A 3-5% correction in my view IMMINENT! My views are as follows:-the market is selling goods news from the housing front-the technical osicaltors are at the levels of late March 09 where we corrected 820 to 780 in a day, if history is correct, we should correct on this alone, to create a psychological market sense of "flat" owned (nor overbought/underbought)-many stocks are fairly valued and earnings catalysts are disappearing If we reverse and tick higher, my patience will wear thin and i will more than likely go to 100% cash because this market is crazy....there seems to be little value out in the market now, in my opinion. I mean last correction, oil names were dirt cheap, so I could careless about a market downturn because I was buying a $1 for 80 cents but now mostly I see that I am paying $1 for a $1 ...which is not the biz I want to be in