http://sovereignspeculator.com/2008/10/13/a-massive-rally-is-straight-out-of-the-1929-playbook/ Thoughts on the markets and the decline of the west Mon, 20 Dec 2010 20:23:24 +0000 http://wordpress.org/?v=2.6 http://sovereignspeculator.com/2008/10/13/a-massive-rally-is-straight-out-of-the-1929-playbook/#comment-486 eh Wed, 15 Oct 2008 11:38:19 +0000 http://sovereignspeculator.com/?p=1920#comment-486 Interesting. But this time...who knows. I covered a day early last week, and naturally have some regrets about that as I left a lot of money for the taking. But this market has come back from the dead again and again, even when you thought such a rebound not even remotely possible. Right now I am 90+% in cash, i.e. marginally long, but looking more for a bearish re-entry than for opportunities to go bigger long. Interesting. But this time…who knows. I covered a day early last week, and naturally have some regrets about that as I left a lot of money for the taking. But this market has come back from the dead again and again, even when you thought such a rebound not even remotely possible. Right now I am 90+% in cash, i.e. marginally long, but looking more for a bearish re-entry than for opportunities to go bigger long.

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