GMAK !!! Got My Ass Kicked in the past quarter with my bearish picks. Still up overall.

I think markets are ripe for a drop soon. There has been nothing for me to post as I just held tight and waited for a correction in the stock market since last fall. The opposite of a buy hold to profit. I did the buy hold and lost money.  (remember this portfolio uses only ETFs and not individual stocks. Also, I try not to trade but take macro positions and pair trade to control risk. I have been bearish for the past year believing markets have been held up by the fed's bailouts and QE2)

I basically called the direction of the market wrong after the Fed kept the market a float the past few months.

VIX is looks like Mr Main Street investor is getting too complacent. China is worried about inflation and raising rates but Mr Main Street is still buying. Not much to talk about until earnings season is over. After that Mr Market will focus on Spain and other bankrupted countries,  inflation in China & India, protesters in Egypt and other volatile countries and maybe even the problem with US muni bonds and the bankrupted states.