A panic bottom?

I should thank my lucky starts. i turned bearish last Wednesday (see Why this time is (sort of) different) and tactically shorted the market just as equities topped out, followed by today's -3% downdraft.

As today proceeded, I fielded several inquiries from readers with versions of the same question, "Nice call last week. Is it time to buy, or are you covering your short?"

The full post can be found here.