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[robo]

Many bulls were just adding yesterday and Bears have just been waiting for a top.....Tough market.

Do you want to know what I think? How many retail investors and Hedge Funds are selling in May? I'll be watching for an IT bottom in May to sell my HDGE and watch my GDXJ beat the crap out of all the major indexes. I do agree with Doug that 2012 rally is not over, but we are also far away from the final 2012 lows......

" If you keep in mind that the financial markets will always behave in whichever manner will lose the most money for the greatest number of people, then you will always be on the right track even if you sometimes make short-term mistakes."


Current positions ( HDGE and GDXJ)

Good trading.


3 May 2012 Douglas Kass ‏ @DougKass
@JimShamer I added to my net long exposure today. FYI.

3 May 2012 Douglas Kass ‏ @DougKass
@loctran2 no, i added to longs today.

http://twitter.com/#!/dougkass

The Elusive Rally Endures
By Doug Kass05/03/12 - 12:00 PM EDT


http://www.thestreet...ly-endures.html