A Short Contemplation
The risk to going home short has been almost nil for a month now. Unless you own the rare takeover target (and they are rare) or incredible upside surprise (à la Monster Beverage (MNST)), you most likely can cover at a small loss or a huge gain. That's exactly the kind of ratio that you want. That's the fish-in-a-barrel shooting we've had ever since bond prices peaked in Europe. It's been remarkably easy to bet against the market.
That's why the last hour of trading has become so dreadful. Think about it: today we had the Spanish government taking tough action to help cure its ailing banking system, pulling a Citigroup (C) on one of its largest banks. What happens? Spain rallies and then takes Europe with it. We then get a decent employment number. The only thing working against the market is the miserable Cisco (CSCO) outlook. What happens? We rally and that sets up the perfect short....82 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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