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I have corrected and replaced a broken link to the "Retail Subscriber Forum" in the user menu to the left of this page. Please feel free to use it liberally and freely discuss subscriber material. I just put in an interesting tidbit of info regarding the asset manager research released a few weeks ago as an incentive for all to go check it out and participate.

 I know many who had a net short position felt some pain over the last few weeks. Keep in mind, I am of a position of it being an extreme bear rally, and extreme it was. The most extreme in the history of the US stock markets. For those who have faith in my research, keep in mind that the farther it rallies, the farther prices part from their fundamental values. This means the more profit opportunity there is as prices revert to mean.

Today was a day that I expected to happen quite a few percentage points back, and I believe it was sparked by those that can actually count and read realizing that Goldman's results were actually awful (see Reggie Middleton's Goldman Sach's Stress Test: Breaking Ranks with the Crowd Once Again! and The Goldman Sachs Q1 2009 update is now available for download [for subcsribers]) as well as the retail sales numbers. If the alleged cream of the crop couldn't break a "real" profit after all of the machinations of the government, then banks are in a much bigger bind than the sell side shills have been leading us to believe!

Remember, I am not an active trader and I can't predict the future or the markets, thus there will be times when you will have drawdowns. I was able to warn readers of this one in advance, but I had no idea it was going to be of the depth and strength that it was. Regardless, if one followed my guidance of small positions, consistent profit taking and high liquidity, you should be in a prime position to capitalize on some of the extremely and highly overvalued financial service company and bank stocks that have run up over 100% in this rally. We literally have many research subjects back up to the prices they were at in 2008 (which drove deep triple digit profits) despite the facts their problems are the same or worse than they were last year.

I would recommend patience and prudence in jumping back into or adding to your positions, but the Goldman results and the WaMu accounting games (I will post these games in detail for subscribers) are just the writing on the wall for much of the Blog research subjects.