BOO!!!

My buddy Todd Harrison on the excellent financial infotainment site Minyanville.com, yesterday slipped two of his appendages into his metaphorical bear costume indicating that he has 50% conviction of the bearish side of the market. Toddo was the President of Cramer and Berkowitz (Jim Cramers old hedge fund) and is the founder of Minyanville and was the predecessor to Rev Shark at the real money site. He has made some excellent calls in the past and although I am not short the market at this point (no SPY position) , I believe he is correct with his short term bearish call.