Changing My Mind

I came into the day hoping for a bounce so I could add to my hedges. We are getting close to the point where I want to remove my existing hedges or add to longs. Even if we have entered a new bear market there will be bounces. After eight straight down days we might be getting close to one.

3 comments:

Onlooker from Troy said...

You'd sure think so, but it would be better if we saw some real panic reflected in the VIX, ISEE, and CBOE numbers.  I can't believe the VIX is up <3% today after all this carnage.

Anonymous said...

premiums are fatter than an urban welfare family.

Fred Ngo said...

http://kiddynamitesworld.com/surprising-market-stats-7-consecutive-down-day-streaks/

"Since 1988, there have only been 4 times where the SPX was down for at least 7 days in a row.  3 of those streaks were extended into an 8th day, and none lasted for 9 days."