On February 27, 2009 This Guy Called Dow 11,000
yeah, I started bailing as the market approached 10k, but that doesn't look so bad now. I am slightly net short as of about a week ago (see caps new positions), btw, for anybody who cares. Being net short is unusual for me, I generally only go market neutral as I have retail clients and have to worry about regulators (who tend to harass retail advisors who don't fall in line, rather than find the Bernie Madoff's and Wall Street hucksters).
IF I didn't have to worry about regulators, I would be 2:1 short to long, fyi.