Tuesday, December 2, 2008

Asset allocation...

Now I am:

50% long

25% Short (FXP trades so poorly, but I will buy the next bucket at $45 - will then become a 35% position as cash gets drawn down)

25% Cash

The final support leg holding up this market is at around $80.25 on the SPY. Should we break it we will retest the lows.

Off to class. Very busy day ahead so no more posts today, but here's an interesting/enlightening read.

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