Hedging My Bets
Currently, we are all living it up during the biggest trading party in history, but when the Fed truly does remove the QE punchbowl, a lot of those very ugly end-of-the-party moments will come to light quickly. Some folks will get very angry. Some will get hurt. Some will even be impacted even worse than that.
It is difficult to say when the party is going to end, but I took a step toward the equity exit door yesterday and took one additional step this morning, putting a foot out the door. I've gone to a 40% cash position and hedged off another 20% of the positions....271 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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