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  • Krusty, I'm going to have to cry BS on this one. Don't take offense, but what factor was in play that you knew how to call the market short in 2nd half of 2007 and then go to cash for 2008? The SP500 hit around 1550 in July, then bounced off of 1400 in August and back up to new highs until November. So you are saying you went short with less than a 10% correction on SP500, held a short position when it rode back up, covered and went to cash in 2008 to avoid the 20% correction we now see? Amazing!

    I also went to 50% cash, but not after I took a 12% haircut. No one gets it exactly right and no one will call the bottom right on this one either. The next confirmed uptrend could be a head-fake before 30% down. Who can tell?

71.89+0.06(+0.08%)May 22 4:00 PMEDT