I still think market’s going to tank next year. When it’s going to begin is beyond me of course.
Quick update on my shorts:
Office Max shorts: stopped out on losses
GM shorts: stopped out on losses
Retail Hldrs Jan08 PUT: small loss, still going
DIA Jan08 PUT: small loss, still going
Will likely gradually put in more shorts as market continues to go up.
As Keynes said “market can stay irrational much longer than you can remain solvent”. Indeed.