Neutral in New York
Bespoke links to the following front-page image from the Drudge Report, which we agree has to be some kind of contrary tell:
In other news, we closed out our last November position today for a small profit, and are actually pretty psyched about still having a net-profitable month (over 10%, in fact) in spite of all the hoopla. A couple of you wrote in to say, “Bah, more money please!” to which we say “Bah, we’re beating the market by leaps and bounds, and you’re concerned about the height of the jump? Blimey!” We’re all apparently from the East End circa 1873.


Fri, Nov 9, 2007 | Jared
Market commentary, Trades, Volatility