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.