Turbalent markets- Increasing Volitility

For the past couple of months I've been short, ever since the drop feb. 28th. I've been shorting REITs all the way to the bank. Since the entire market finally turned down my gains in PSB were magnified. I've now liquidated my assets and am waiting to re-enter my short position.

A few simple things i've noted:

*Fear in the market as presented by our VIX. New highs in the VIX correlate to downward markets.

*ECB and the FED stepping in with an infusion of capital to the markets.

*President Bush starts talking about "how great our economy is", very similar to the late 1920's Hoover, "things are sound".

The bulls (Bush, the fed, in Goldman Sachs we trust) enjoy creating a twilight of illusion when things become overpriced. In short, we are due for a correction.