The last vestiges of the bearish case are slipping away. Who are we to fight it? A debt-consumption-currency debasement model will one day likely be exposed as unsustainable and end badly. But until then [paraphrased] "markets can remain irrational longer than you can remain solvent". So we step aside from last of bearish positions (QID). Another short loss booked for posterity.Edit (2:44) How's that for timing? Signed, your friendly contrary indicator. :-) Edit (3:18) Oh, just Greenspan predicting doom in Chinese stocks. Agreed, but the market may well forget Greenie by tomorrow.
