March 25, 2013 Opinions

I simple cannot believe this market. I have exhausted all possible longs (through options) in my portfolio, and I am still short 9.89 delta beta weighted against the SPY as for my options portfolio. I went ahead and shorted puts in VXX because of the high return on capital and my bearish  view of the market. I do prefer to be flat delta. I am bullish on VXX, SLV, P, BBRY, FXI, EEM, GRPN, SLV and ZNGA. I am bearish on the financials, bonds, SPY, Gold, GOOG, YHOO, Natural Gas, Oil, XLU, EWJ, TLT and etc. Most markets in general is just so expensive. The only really cheap major markets are agriculture products and some major currencies (especially the Euro). Bonds may become cheap if the market keeps rising, but I am not sure.