Shorts taking it in the shorts. Pundits too.

Posted on Apr 30, 2011 by in Letters

Here is a good picture of where things are really at.  Pundits, talking heads and shorts rejoice each time we get a downwave thinking that THIS IS IT, THE BEGINNING OF THE END!  Not realizing that it's just a downwave.  This little downwave was about 2.87% in 9 days.  If you're short and you're taking comfort in these little waves you will soon be broke, because the bull response to this was a 9 day upwave of 6.11%.

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