30% cash
30% long (mostly alt energy names that will likely bounce the highest with any Obama rally. Also have some bank exposure via WFC)
40% short (mostly short Oil and Gas names through the DUG)
My oil thesis continues to be confirmed. Did you see the inventory build this week? Enormous. More than 3x the expectations! Oil below $50 for at least the 1st half of year, no doubt. The lack of available credit is really preventing the speculators from pushing oil up and that's good for the oil bears long term....not to mention American drivers :-)
Position: F**k OPEC & XOM
UPDATED POSITIONS: Fuck John Thain
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