I haven’t done anything other than liquidate my longs and sit and wait to allocate into this month’s Quant. I am up 100bps on the Quant on today’s move and now sit in cash. About 20 mins ago the market dumped out but is now recovering. We are not likely to give it up today — but we are not promised tomorrow either.
I do not believe December is going to yield a large move in either direction. The year is over. Go enjoy handing out egg salad sandwiches to the homeless at your local shelter.If you enjoy the content at iBankCoin, please follow us on Twitter