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I said earlier that I thought Jan was going to bad. It may be late Jan or Feb (after the inauguration) but at least one more retest or even lower, of the Nov lows is coming. Not all the bad stuff is out there yet. Someone called the bottom on CNBC near the end of the day on 12/31 which surely means we must retest. Sentiment in the market is picking up which I think can sustain a short rally, but pain is coming. That said, I'll get back into SDS with the S&P near 1K or so depending on how I feel sentiment is going.

The only other foresight I'm claiming is that there will be an energy rally, probably oil, sometime this year. If it comes in Jan then it will fall after that. If we see a 20 handle on oil prior to a rally then go long either by the USO or related companies of your choice.

I think the financials, more specifically banks, are getting near "the bottom." In fact, I had a limit order in for the UYG 12/31 that didn't fill, much to my chagrin. Call me nuts, but it doesn't seem like the government is going to allow any more major bankruptcies and they are about to start buying damaged assets. Would like the UYG under 5 but it may not happen.

Lastly, SFHD, my pink sheets darling, recently traded down to 1.06 and I was buying slightly above there. The 50cent price rebound made a big difference in my port results because it is a fair-sized percentage of holdings. Crazy I know, but the local restaurant has continued to be packed through the Oct-Dec decline. News is sparse but I'm still expecting 3-4/sh.

ab - Happy returns!
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