Off To The Races  As the great Trevor Denman would say: "And
away they go"! (fast forward to 2:05)  My intention this morning
was to discuss this:   We seem to be very near a capitulation of
the spec longs where those who are going to sell will have sold.
At the same time, The Cartel is rapidly covering short
positions. I'm getting increasingly bullish. Let's see what
tomorrow brings.  And now look what tomorrow has brought! Free
money!!! Bailouts of everyone and everything!  Rather than focus
on the inevitability of the failure to print our way back to
prosperity, let's go ahead and dissect the latest CoT report, as
there are several interesting trends within it.  First up, the
perspective of someone who actually knows what the heck he's
talking about. I'm going to have a slightly different take on
the numbers but you need to be aware that my interpretation is
not necessarily the correct interpretation.  I haven't spoken
with Dan about this but I think I know where he's coming from.
Margin rates are high and