Playing the Expectations for Jackson Hole
I'm in the camp where I think too many folks are looking for a pullback. I'm not sure how many times I heard yesterday that "September is historically the worst month for stocks." It is true. After yesterday, I'm sure everyone knows it. Perhaps it will become self-fulfilling.
Jackson Hole seems to be the key. Everyone is expecting nothing, and therefore, a selloff. And now, with former Rocky IV star Ivan Drago Draghi pulling out of Jackson Hole, expect rampant speculation and lots of headline action over the next few days. I am debating playing some sort of straddle or straddle spread into Friday, rather than trying to predict direction....617 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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