A general retreat again today but hard to muster any reason to be short and have a future in it.
Liquidation and redemptions are one thing to watch but initiating shorts is generally a bad idea here. Pessimism is the predominate attitude, just as twelve months ago I warned of the toppy nature of the markets. Now only a fool sees a opportunity on the last percentages of a downward move no matter how long they stretch the bear clock.
