Yves will be on Bloomberg Radio Thursday at 330p ET. He writes: "We did recommend to buy SDS yesterday, double short. I rarely go short but this looks too tempting given many of my parameters. Only a small stake to be added on with greater confidence. We will risk only a 5% move up. However on a greater roll over we will go short much much bigger." Canadian Dollar (affectionately known as the Loonie) dropped as expected, and he says he converted at 92c. Treasuries are also up since his recent guestblog post.
Note to DG and others: moved comments back to the old way.
First leg down to 914 on S&P, how high do we retrace now? Looks like anywhere from 919 to 924.
And how far down?
Posted by: Puravida | Tuesday, June 30, 2009 at 10:47 AM