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:

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

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