I’m hemming and hawing a lot, meandering about the house in search of inspiration. I bought some TVIX, a 10% position, here, in spite of being constructively optimistic here, eagerly awaiting market grandeur.
The hedge is for complete and total breakdown of this trend, back down to the lows. It’s a fair trade, but not if you’re naked. I have clothes on and plenty of cash left (25%) and have bountiful gains to cushion this nonsense I’ve recently partaken in.
My rationalization is end of year trickery coupled with an asinine tape. Up, down, up, down, down, down, up, up, down — a recipe for disaster.If you enjoy the content at iBankCoin, please follow us on Twitter