Grin and Bear it...
You may have felt like you were listening to an alien when I was writing about flight to safety and asset allocation… I’ll admit that even as I was doing it I was feeling a little cowardly. But now I am pleased with my choice. With the Dow giving back all of its recent gains this week most of us are a bit shocked.
Right now my only active trade is a position I took on Wednesday. Here it is. I went long a few shares of the Proshares Ultra short ETF for the Dow. Symbol DXD. This is an ETF that seeks 2 times the negative performance of the DJIA. In 2 days I am looking at a modest gain of about 7% Not bad.
That’s it for now… Lets see where next week takes us.
That’s it for now… Lets see where next week takes us.
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