Friday was a big ramp job in the morning followed by waning enthusiasm as the day wore on. Whether or not we have seen the bulk of this run is undetermined but I used Friday's strength to go back to work on the short side. We shall find out soon enough if that was wise.
Going through the watchlist this weekend left me feeling sort of agnostic in regards to near term market direction. The bulls have the potential for myriad exotic bailouts on their side and the bears have reality on theirs. Either can win in the short run.
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