Yesterday was a Terrible Day for the Markets

Yesterdays strong opening rally in stocks, T-Bonds, and Gold and the subsequent decline all day was, to us, a sign that the FED taper could be a real weight on the market starting on the 19th.  As such we are selling out our long gold and T-Bond positions and putting all those funds in more leveraged short stock positions.

And here is a little bit of sanity from Larry Kudlow, maybe the most sane person on CNBC:

http://www.realclearmarkets.com/articles/2013/09/17/rules_must_be_the_rule_at_the_fed_to_fix_the_economy_100617.html?utm_source=newsletter&utm_medium=email&utm_campaign=rcp-today-newsletter

 And a late update:  We are dipping our toe into a long dollar position today also.

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 2 =