The IWM is extending its losses for December to almost 2%. However thr damage is far more extensive in sectors like SAAS, off by 11% for December, or how about this?
The gagillion dollar questions are:
Is Fly up today and if so what does he think will happen next?
As a point in fact, I am up. Thanks for asking. I was hedged via TZA and UVXY, even has some NUE to elevate me to an austere +0.23%. While not much, it certainly does beat your horrendous losses.
At any rate, I sense you do the same thing today that I’ve been doing for months. Let’s buy stocks near session highs, maybe 2 really down stocks to add beta, and then hedge it with about 15% of assets in a leveraged ETF because that 15% is really x3 and offers good coverage.
Off to walk the fucking dogs.
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