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[James Quillian]

This may be the beginning of a real nasty decline. As a tin horned conspiracy theorist, I pay a lot of attention to the overall broad scheme of things. This may be related to the Corzine MF –Global situation. I have long contended that there was ongoing affirmative action keeping stock prices elevated. This, I believe has been accomplished largely by authorities willingly ignoring and encouraging price manipulation as long as the result was higher prices. With Wall Street and the Federal Reserve being under increasing scrutiny and with Congress questioning Corizine and others, I suspect there is now a growing unwillingness to cheat. Since 2003 the path of least resistance for the market has been up. Historically, the path of least resistance has been down. There is an old saying that it takes volume to drive the market up but the market will fall of its own weight. Also, the Fed and others may be backing off of the wink and nod system of giving out early information to the privateer firm which cooperate. Let’s not forget the emerging controversy over congress trading on inside information. Fear of getting caught or exposed is a serious motivation. This morning I added to short positions in AVP and LAZ and Added QUAD and BRCM. Last week I closed all longs except GDI

Edited by James Quillian, 14 December 2011 - 11:32 AM.