"It's just that you get to do all the dangerous stuff, and I get to parallel park."
--Danny Costanzo (Running Scared)
Is it easier to be long or short here? Am carrying a two sided book right now and the short side feels much more precarious than the long side. Why? We're just one central bank announcement away from another printfest higher.
If this feeling is widespread, then it is bearish on the margin.
position in SPX
Thursday, May 17, 2012
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QE3 more likely by the day.
~Bill Fleckenstein
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