I told you so.

I remain short although there is the ever present risk that the fiscal cliff will be ‘solved’ with more taxes and less spending cuts.  Or something like that.  If that happens I will go from a nice profitable position to a big fat loss, but its the game we play here and without taking risks you should be a roto rooter man instead of a trader.

I expect the red to continue.

-EyeWall

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