Bit of turmoil here….Do I sell my shorts or risk taking a bath…
I don't know. What are you shorting? You up or losing money? I'm risk adverse, so I would always take money off the table since my philosophy is better to make less than to lose. I usually have a 50% rule. If climate changes, I take half off the table. But that's just me.
However, it feels like things are just going to bounce around a bit here.
I'm no expert, but my gut feeling is that things are going to be going up and down for awhile. Market is very flaky these days.
I’m trying to read between the lines. While there is a general euphoria of the discount rate cut, to me it’s also an admission by the Fed that “Houston, we have a problem”.
