Thursday, August 19, 2010
If you know something is a lie, why not short it?
Because it is being bought by the most powerful man in the financial world, that's why. Still, the dumb technical analyst sees measured target and shorts the long bond, via TBT. Not recommended for the squeamish. Edit (11:36) And I should mention this is done today without the commitment of a zealot, because some of the biggest bubbles in history continue right along shaking off all kinds of nay sayers. Potential short term loss will be managed and minimized. And oh yes, another thought as Ben moves to make this look like an ill-conceived trade; I am short several other things that should decline if the bond continues higher. So, this is not a stand alone trade here.