Kass: A Couple of Concerns

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In summary, while we are now ending the year and are squarely in a period of seasonal market strength, I remain bearish in view. I remain net short, and if the animal spirits continue to elevate share prices, I will likely raise the size of my short book. At the core of my pessimism are more tentative signs of economic growth, the vulnerability of the small business and consumer sectors, the aftermath of the credit crisis that will continue to haunt the business cycle in availability and access to credit (e.g., Greece et al.), and generally too bullish market expectations.

[WhiteWood] I'm net long - long only now. However, I exercised and sold all my ex-Company's stock options with expiration date of 12/24/2009.