iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,162 Blog Posts

MOVED TO CASH: SAFE HAVENS HAVE BEEN ELIMINATED

I am not a believoor in anything. I do not share your optimism. I moved to cash, closing out my FAZ/TZA positions because I am not a greedy man. I do not believe the market is heading up, but I am not stupid either. I will reposition towards the end of the session and attempt to bank some coin tomorrow.

At the moment I am down 13bps for the day, fortunate due to my heavy overweighted FAZ/TZA holdings, coupled with my risk averse longs such as ABC.

BOTTOM LINE: My advice to you is to protect your accounts. This is not the time to be greedy.

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One comment

  1. the_wolf

    Oil soo strong
    Red to green
    It’s a bull market ??

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