Market now showing some difficulty going above 900.
Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.
Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.
It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.
