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No Market for Old Men

This was a dreadful week. All equity indexes are now in correction mode and anxiety seems to be the dominant mood. In the past, I used to go all in FAZ, QID, DOG, TZA, VXX and SPXS, but then years of QE taught me not to short recklessly. In fact, I’m trying very hard not to make impulsive decisions. GDP came in at 3.5%, so this is definitely not 2007-2008, but the market is trying to tell us something. I did buy some QID and SH just in case we decide to go over the precipice, but it’s a hedge and nothing more.


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