Alright, I have decided to yield to public pressure and to press on with my daily shenanigans. We might have to skip a day here and there but we’ll keep it coming. Obviously it’s a bit too late for a full analysis tonight but yesterday’s post should get you through as not much has changed.
However, in a nutshell: Although remaining steadfast in our bearish proclivities Berk and I are expect a bull run any day now, as Congress invariably will make concessions and approve ‘some kind of bailout’. This may come before or after the weekend. In the interim I encourage everyone to keep your exposure extremely limited as the market can turn on a dime on such low volume. Many participants have moved to the sidelines, leaving the door open for much volatility and the occasional monkey business.
We also believe that a bull rally would actually benefit us bears more than a continuous drop at the current time. First, we would be able to enjoy cheaper options due to a lower VIX, secondly we would benefit from additional downside potential, and thirdly it would move us further away from the ‘PPT panic line’ (hence coined PPTPL) I charted over the weekend (if you haven’t seen it take a look) and reduce the risk of further interventions of free functioning market activity.
For the impatient bears among you: Remember, revenge is a dish best served cold.
Many thanks to everyone for all the warm and encouraging words and the big vote of confidence for Evil Speculator. We will reward your mindless loyalty with extra devious ramblings and a new and improved plan for market domination. I leave you with this little goody: