Have you ever heard so many people talking about the bottom as they are now? It seems like everyone and their mother is feeling this market out for the bottom. Even yours truly has been talking about getting long for a trade if we see a washout. But now I am a little worried that the side of the boat looking for a tradable bottom is getting a little too full and perhaps tipping. As of now I remain steadfastly hedged and heavy cash. It would take a serious bout of fear to get me interested in stocks. The risks are still incredibly high. Nothing in the fundamentals has improved at all.