will go on longer than you expect. It will go on until a large number of people believe that the bottom is in and a new bull market is underway. While the economy isn't finished declining, the bulls-in-waiting will come from the bulwark proclaiming that the stock market is a forward indicator. At this point, calmly join me in selling your stocks as quickly as possible and buying puts on any stock with a ticker symbol. But for now, either hold your stocks or patiently wait in cash until the new bull market blather spreads throughout the masses. Too many people were trying to short the S&P at 800 last week. Wait until the bears are beaten back and then pile back in on the short side. This is not a new bull market, it is merely a bigger bear market rally than most--enough to hopefully scare you senseless if you thought shorting stocks in a bear market was easy. That is all.