Gary Kaltbaum makes his bearish case at the Trading Markets site (article).
The market continues in its whipsaw ways, the latest being gold. Yesterday, on the bomb arrest news, gold fell, and today's gold rally failed (5-day-chart). It is harder to make a bullish case when gold can not go up when there is news.
Personally, I have that radioactive feeling at the present and remain in the bunker.
I have been overtrading the past few weeks and while that is good for the broker, it is not so good for me. For every trade, the spread and commission is a little nick and over the course of time, a trader can bleed that proverbial death of a thousand cuts.
Positions: BAB, EWJ, JWN, JPM, MCD
all long stock, short calls, also have lots of cash
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