We haven’t had a real equity pullback since 2012. There were fake ones in 2013, but let’s be honest; 5% broad moves in the indices in this day and age are just white noise. It hardly counts as a real pullback.
If we get a real move lower, it needs to be good for 10% or so. That’s a string of 300 point DOW days, red as blood.
I welcome an equity pullback. If we got a real scare, I have just enough cash to make a good show of it. And TSLA would probably catch a stick to the eye, filling my losses from the remaining puts as fast as my portfolio could otherwise correct.
Still, no need to get ahead of ourselves. Let’s just see what happens here.
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$HEDGE -might be a play in your scenerio
I’ve decided not to screw around with hedges. In my recent experience, they are remarkably complicated strategies to lose money with.
Three Dog Night tune for the day..
~Classic
http://youtu.be/1A2eet1bttY
no position TSLA
😉
Three Dog Night had a nice run of hits. If they had not self destructed, they could have had a nice living all these years, after the hit record period passed, doing summer tours.
selective touring..
from late 60’s~early 70’s prime..
they’re still alive..;)
Bonus!
‘One’.. pretty okay in royalties (?)
not that ‘One’..Someone should pick up this classic..;)
Sold $BALT-22% gain.
Worried about added risk they took on.
cheers
Almost looking ready to break out of a year long cup and handle formation. Will be on watch.