A diary of the thought process behind my investment decisions
Everybody Has Figured It Out
We have had a recurring pattern recently of news that "Europe Is Saved" leading to failed rallies. It seems that investors have learned their lesson and are instead selling today's "Europe Is Saved" news. We are seeing a lot of put activity as investors are betting on a return of turmoil. I believe the heavy put buying on such a small drop means that the downside is limited.