Real bears are pretty scary but right now, I think the stock market bears are afraid of Ben Bernanke.   His Discount Window Cut was timed so perfectly to screw the shorts that I doubt they will ever forget it.  So on a day like today, when it could be very tempting for them to pile on and push this market lower - they have to be worried.  Maybe it’s only hesitancy, but whatever you call it, they should be afraid.  If the bailout cries are responded to again, do you really want to be overly short going into that?  Not me.  Will there be a surprise cut?  I hope not for the moral hazard message that it sends to the bulls, but if it happens - the bears are likely to get screwed again.  If the market is declining between now and September 18th, I suspect that most of it will be due to longs selling rather than shorts putting on new positions.  For the past month, I’ve been looking for any good opportunity to use weakness to get out of the way and convert my DOWN signals to UPs.  Why?  I am afraid of Ben.