Did U Think The Ponzi Scheme Would Last?

U.S. Dollar Shaking Off Risk Aversion

"Shorts are now frightened and will be reluctant to be so bold."

I really think that is overstepping in a significant way. I am a net short and I am in no way frightened. Quite the contrary. IMO the bull is badly wounded, perhaps mortally. It seems he ran into a brick wall at 100 mph.

Now the bears are starting to circle. This is a VERY strong bull and the smart bears are not just going for the kill. They are letting the self inflicted wounds bleed the strength from the bull. One mighty thrust from those powerful horns could cause a bear some major damage, so patience is the order of the day. But fear? No way. This is simply the careful art of stalking wounded prey. As the prey weakens from continuous bleeding, the bear attacks will be more severe and the bull defense will be of smaller magnitude and shorter duration. At some point the bear is going to have this bull by the neck. This is the natural order of things. Don't blame the bears. The bull did this to himself. A new bull will be born in the future, but we are looking at a decade or more of bearish feasting on the last bull carcass.

You want to see fear? Look into the eyes of Helicopter Ben. He knows where this is going. He knows the fear.