Be careful chasing this down, we are setting up what could be a very nice rally that should start in about 45 days approximately, about tax time. Strong bonds on a stock drop is not what crashes are made of. If the bonds had weakened this would be a different story. If you are convinced that you want to be short, just go with put options on the Q’s or SPY’s or OEX. There you get limited risk, but will profit nicely if a crash happens. I think we will work lower in the near term, so it depends on your time horizon. I think we will be higher than where we are now by August.
