Equities appear to have found a direction and that would be down. It doesn’t appear that there will be a repeat of this past March. I’m going to wait until just before the close and pick up some index puts if the price action remains weak. Bernanke believes the economic outlook is “unusually uncertain.” Here’s [...]

U.S. equities had a big comeback yesterday after it looked like they were about to fall off a cliff into the abyss. The price action reminded me a lot of the 25th of February at the beginning of the great short squeeze that lasted for another two months. I’m lightening up on my TZA position [...]