Mar-28 What's for today?

Today I am not going to comment much as for recent two weeks I have been repeated several times about my recent market view. Today I would like to ask you to consider several points:

• How is the downside risk of previous market leaders?
• How far will be housing market fall further? Another 20%, or?
• Are many profitable emerging market stocks only worth PE around 12?
• Have most weak hands finished selling?
• Are shorters still confident enough to make big profits against the Fed and government?

Next two month will be the first profitable period in 2008 for longs, and it is also not the last one.