Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.