While i am extremely bearish i do feel we can still correct into the end of the year. Today i added 2500 shares of SRS at 9.89. I was down pretty early until about 2:00pm or 2:30 pm. The beige book numbers came out and what ever they had was pretty bad. The markets sold off hard into the close leaving my down position into a winning one.
Current holdings
SRS 4500 shares average costs $9.76
VXX 400 shares average costs $43.88
SH 600 shares average costs $54.63
BGZ 300 shares averag costs $19.00
UUP 700 shares average costs $23.90
Currently i am fully vested with some put options on rimm, also some long dated srs call options.
Looking for next stop on the $spx is 1060 we will see. We have the employment numbers tomorrow and nat gas inventories.
Would like to remind everyone of a gruesome fact. We are in an 8 year terrorist cycle. The last attack was 9-11-01. Before that the bombings at the world trade center. This statistic goes way back and we are over do. Is it Iran, Afghanistan, or a horrible act on our soil. Who knows. Financially i would sell all longs here. Any equity positions i would liquidate.
Good luck.
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