We got our new low this morning, tested it at Fed time, then reversed strongly upwards. This could be the start of the much-anticipated countertrend rally.
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I’m all hedged up, maybe even a tad long stocks, but I’ll start to reload on shorts if we push a couple hundred points higher. If we break hard lower, the hedges come off.
Are you long any particular names or just an index?
Long index futures, and long-dated index puts.
I don’t do much with individual stocks anymore, besides a few “bankruptcy puts” on stuff like GE. Also short Apple, actually.