RE: I have a lot of puts and shortsI hear ya on the short capitulation. I have been tempted too but am still holding HOD.
I think once the masses have finally bought into the recovery story the big investment houses will short everything. I don't know when this will be but it could happen anytime. John Doe will take it on the chin once again. Curses on those addle -headed financial advisors that put their clients at undue risk in these times, based upon whatever the Wall Street Journal has to say (or GS forecastors).
Thanks for sharing Tgarfieid. I appreciate your big picture observations & deductions.
Drainman