Still just a correction?
If you've read any of my posts, you know that I am very bearish on...well, just about everything :) [Although I must admit that I did buy 300 shares of TNA near the close today anticipating a dead-cat bounce soon]
Being a bear, I believe we are still in the early stages of a new bear market. Or, more properly stated, the end of the cyclical bull that began in March 2009 and the continuation of the secular bear market which began in 2000. I have stated many times that I believe we will at least test, and will most likely break, the lows set last spring (SPX=666).
I'm sure that many of my bearish brethren agree with me. I'm more interested in hearing from the bulls out there. Is this still just a correction in your mind? Are you scooping up shares at these rock bottom prices? Have you begun to protect yourself with stop-losses or by buying puts? I'm trying to get a feel for the mindset of the bulls at this stage of the game.