Bull Run or Reversal for the 2nd Quarter?

I see some sharp reversals but a broad rally till the end of second quarter. Taking short positions in select tech and commodities stocks would be something to consider but prepare for a major reversal after 3 months. There are some daunting realities that US has to face....debt and deficit reduction and debt limits. There are estimates suggesting the indices could lose upto 50% from its current levels....ouch that could really hurt. So keep an eye on 50-day moving averages for reversals.

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