Friday, February 13, 2009

Upside down World

Come with me, gentle souls, and let us look at the world through the eyes of a bear.

Here's a look at SDS, which is the double short S&P 500 ETF:


It seems to me that in the near term the bulls and bears are going to continue fighting along this market "Maginot Line"

In terms of my allocations, I'm now very bearish with tight-ish stops. My largest position is TWM (followed by SDS and SKF)

BTW I hate SKF because it has been ground zero for all the government intervention which always gives me a headache. But I persist, which may be a character flaw in the final analysis.

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