Macro Tsimmis

intelligently hedged investment

SELL MSCI Brazil Index (EWZ) & Global Energy Sector Index Fund (IXC)

Posted by intelledgement on Wed, 13 May 09

OK, the danger of irrational exuberance appears to have abated here, so we are cashing in our updraft insurance. The reality is that we are in far worse shape than justifies a +35% move in the market. We are back to neutral here and eying the short ETFs closely.

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