cma

Friday Outlook: Danger on All Sides

Putting aside the true long-term perspective (suitable only for well funded life insurance cos. like Berkshire Hathaway), I agree with David about the longer-term perspective: it's quite risky to hold an intermediate-term short position here, based on RSI, cash levels and and longer-term sentiment measures.
Of course we should not be surprised by further near-term tests of the $SPX 750 low.