Friday, April 24, 2009

Bears still haven't giving up

New lows on the troika of death SRS/FAZ/SKF today and still no signs of significant fear from the loser bagholders. The market dealt them another shovel to the face today but because the S&P did not bust to new highs the bagholders stayed put. This is Sept-Nov 2008 in reverse I tell you.

I expect more pain for them next week. More comments tommorow.

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