Everybody's gotta play the fool and today was my day. The market waited for me to hedge myself and promptly took off. You can thank me later for helping the market to bottom. That said the hedge was a very light hedge and I am much better off with the market rebounding than tanking.


Anonymous said...

Tsachy, Why do you think today's action is a sign that the market will go up ?
A lot of volatility is taking place this week, and that usually marks tops, not bottoms.

Tsachy Mishal said...

I was just saying that my hedge was horribly timed whether the market goes down now or up. I was speaking of a short term bottom.