A diary of the thought process behind my investment decisions
Confidence or Confidence Game
These wild swings are not confidence building from where I sit. It is very difficult for me to picture a sustained rally from these levels. I would expect the rally to peter out over the next few days although I have underestimated the effect of quantitative easing before. As such I will be running a pretty balanced portfolio of longs and shorts. Healthcare is still the cheapest sector out there.