an tSionna 2.15.10

An update to the Crossroads post from last week.  I've linked it here:   Crossroads?

Since the weight of our evidence is currently indicative of a rally we are currently Net Market Positive in our postioning.  We currently think this rally will be short term in nature given our view that stocks will spend some months working off last year's advance and positioning themselves for further movement later in the year.  We of course stand ready to change this thesis should events warrent a change to our stance.  Again please note this is a guess, an educated guess perhaps but not an event we can be certain about.  We have positioned ourselves accordingly to what we think might happen.  Casual readers should consult their own investment advisors or do their own homework before acting on anything you might read here.

*Long ETFs related to the S&P 500 in client and personal accounts.  Please see this link for a definition of this term. 

Link:  Definitions-Net Market Positive.