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Some CNBC gurus are mocking bears with disdain. They are smoking too many green shoots with Goldilocks. Currently have a "collar" on my investments, which makes some money most days, whether the markets go up or down. But will increasingly overweight short as this call unfolds.
Wouldn't surprise me if Dow goes up in August, because Congress is not in session to mess anything up. But when Congress returns in the fall and resurrects Cap & Trade and ObamaCare, then all bets are off & a major move down ensues.