Wednesday, January 28, 2009

More hedging against the perma bulls....

Used my massive cash position and bought some AKNS at 2.00 to further protect myself against the impending short squeeze. I fully expect that the bulls will ignorantly bid us up to 920 on the the SPY by next week (they are pricing in the $825 billion stimulus and a 2nd half 2009 recovery). All I can say is "the market doesn't care what you think about all this." Just roll with the punches and patiently wait for your shot.

1 comment:

John Vignocchi said...

Hey, just heard Gorman is teaching International Finance next quarter.

Also, check out this article. It's nice to see what the thought process behind our largest creditor: http://online.wsj.com/article/SB123318934318826787.html