We got a simultaneous bull rush of news with the GS settlement and BP. It totally caught the bears off guard. But now that we've got all the good news out of the way, I see very few positive catalysts other than late comer longs jumping on the bandwagon.
I am bearish short term.
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I sold at the beginning of the day, then mid-day, I noticed that 9 of 10 companies reported good earnings, so I repurchased. I did well today. I'm 75% long, 25% cash, hoping for a gap down tomorrow.
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