Somehow this Bear is still standing

I know I have been quiet, between eating huge servings crow, running my fund and being a Dad - time has been at a premium. Since I last wrote the market has just surged nonstop - all news is bought and in fact news is not even a consideration anymore - its just how much?? how much more is the fed gonna buy? 500 billion - 1 trillion? The street is 100% obsessed with quantitative easing which is the fed buying securities from dealers which then infuses the sellers with cash which I guess they presumably plw into equities which will make the market rally which will create jobs??? I think thats the thinking - the Feds first round of quantitative easing was about 800 billion and as far as creating jobs it was a zeeeeeeeeero - it did however lead to a MAJOR rally in stocks, commodities and a trouncing of the dollar. Have you seen the price of Corn lately?? http://futures.tradingcharts.com/chart/CN/W Thats just great for those of us that like to eat cereal and just about ANYTHING. Oil is pushing $85 bucks a barrel again and GOLD is in the $1300s - ooops I almost forgot to mention the 10 yr treasury which is yielding around 2.5%....and stocks seems to levitate 24/7. The market is following Apple Computers massive surge tick for tick - as Apple goes so goes the US. AAPL now account for almost 21% of the Nasdaq 100 stock index - is that a good thing? Im still bearish as I dont learn to quickly. Luckily I run a long short portfolio - my longs have done well - my shorts have hurt. The net is up 8% YTD. Not bad for a guy who is so bearish. There are still some major hurdles out there namely what the hell is the government gonna do with Fannie and Freddie and there amazing capital requirements, and remember interest rates are still insanely low - if housing is not recovering now when?? My opinion is like in about 20 years. Anyways Im still alive and kicking.

JB