I Was Wrong

The stock market can be very humbling. Anyway, I am still short and you can imagine what is happening to my portfolio this morning.

That said, I am sticking with my original thesis. (previous posts) I still think this is a bear market rally. I still think we have not seen THE bottom. I still think I will be able to buy stocks cheaper than they are now.

For today though, it looks like the market disagrees.