Small SPY Short

I have taken a very small SPY short position.

9 comments:

PJ said...

Earlier this morning I put back on my shorts that were lightened Friday at the close. So I'm with you Tsachy.

A bit nervous, since I expect good economic news for the rest of the week including a good NFP report Friday, but maybe that's already in the market. Still, if the market wants to go up, it will probably have an excuse.

Tsachy Mishal said...

I am short some puts. This move makes my portfolio market neutral.

Anonymous said...

I think we're gonna go up till the jobs report, which is gonna be bad.

I know it's gonna be bad because I'm looking for a job right now, have been looking, and it is ugly kid joe only a face a blind momma can love right now.

Anonymous said...

You need to go to where the jobs are. Not expect them to come to you. But I'm sure your not compaining too much collecting that unemployment check!

Tsachy Mishal said...

There is no need for that. You do not know how hard he has looked for a job. These are very tough times and you should not judge other people.

Anonymous said...

Your right, my bad. Hope you find something soon.

Anonymous said...

SOLD OTHER 1/2 OF PROV @ 3.51

OL DAWG

Anonymous said...

I'm in Los Angeles Anon. If I can't find a job here where else am I supposed to go? I went to school in the east coast so I have considered moving back to NYC.

But anyways, I'll be collecting my unemployment and thanking Barrack Obama for at least one thing.

PJ said...

I expect a good NFP report based on other recent economic reports, plus the weekly unemployment numbers. The NFP survey was taken c. Jan 12 so it traces the change between Dec 12 and Jan 12.

Late Jan reports have indicated a very weak jobs market, but late Dec reports were unusually good, suggestive of unusually strong hiring. It's hard to be confident in those numbers because of holiday distortions, but ordinarily that would indicate a decent NFP report.