I made no recommendation for shorting or going long. I also prefer sector trading myself. It is commonly accepted that small business normally leads a recovery and also leads a selloff hence tna and tza. The financials were downgraded yesterday by s&p (pretty significantly) that is big news hence fas faz.

I have no personal position on whether we are at the bottom or at the top of the cliff. I would comment that the way most individual investors are set up in their retirement plans that they can only make money in a rising market...what this means is that there is a small bullish bias in the market.