Market Is Down
The market is down and thats good for me. I went short Friday with everything I had. Q puts are up 21% at the lows of the day, QID is up 1% at the lows, and the Rydex trade will yield 1% if we close down here too.
I may hold another day if we don’t close down near these lows.
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The markets have rallied without financials before and the market will do it again. disclosure: FAS was bought on Friday @ 12.