- Genzyme will likely be taken over for around $20 billion in cash and the announcement will likely give the market a boost. I would want to get this bullish event out of the way and wait until a few days after the announcement.
- I would like the turn of the month to pass as I outlined this morning.
- Rydex traders turn neutral at minimum. They are still positioned very bearishly.
- Sentiment surveys and put/call ratios showing the crowd is once again bullish.
- Hedge fund surveys showing that hedge funds have re-risked.
What I Want To See Before Going Short
The following are things I would ideally like to see before going short: