Back to 200% short. A tsunami of selling lies ahead as we are on the precipice of a collapse in stock prices.
2010 will be the year of runaway deflation due to massive government and sovereign debt. Bailing out Greece will only produce a precedent of "here is where the line starts" for more bailouts, be it Dubai, Spain or Portugal, etc.
The public sentiment towards Goldman Sachs, and other large banking/brokerage institutions will reach a negative extreme and turn buyers away from stocks as the perception of the game will seem rigged. 401k holders who rode the wave down, then back up trying to get back to even, only to see their loses mount again will walk away thoroughly disgusted at Wall Street.
Only the understanding of the game, that money can be made going up or down, will be the key to survival in this market.
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