Kass: Bearus Interruptus -- but Just a Bit

This blog post originally appeared on RealMoney Silver on Nov. 6 at 7:44 a.m. EST.

To be honest, I am a lot more flexible -- and a lot less intransigent -- in managing my short sales than the impression I probably give in my writings as a steadfast bear who's shorting everything in sight.

Case in point: Amid the fear and panic associated with the announcement that Citigroup (C Quote - Cramer on C - Stock Picks) planned additional and sizeable writedowns on Monday, and as I described in a post, I materially reduced the size of my short book yesterday.

Whether one is a bear or a bull, opportunistic trading and practical positioning should be the cornerstone of trading in a market that holds little memory from day to day. (This is a theme I have discussed for over a year.)

I would not be surprised if the market began to climb a wall of worry -- there is a lot to worry about! -- over the next few days/weeks and into year-end because a lot has been discounted in certain market sectors. But I do not believe the short-term upside will be Bartonesquei.e., like the wildly bullish Barton Biggs.

Rather, the advance will be muted because of all the overarching concerns out there.

Here is my attempt to distill the bear case into a few words (and more concisely than I typically do).

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