Hi Mike,

Your point about the Fed re-engaging is a good one.

I guess we're on QE #3 or #4 depending on how one counts. For the last five years when the market faltered too much, i.e. a 20% correction or less.. some form of QE returned. Thus, making the short side trade an opportunity for the nimble only and not that lucrative.

I think for many reasons, its highly probably that QE will be back if things falter too much.

Shawn