Against the Crowd
Based on CNBC’s Fast Money show, our positions are strongly against the crowd with virtually all of them calling for a retest of the years high in stocks. I have to say that following the long-term play book has some times when one feels a bit uncomfortable, but this kind of takes the cake. Overall our portfolios are leveraged at 1:5 to one short stocks and our two most aggressive are at 1:97 short at yesterdays close. Also we have the short T-Bond and long dollar positions.
Let’s see what the FED does.