I would like to thank my fellow blogger Andrew Crowder for reminding us all that "cash is also a position." I took this advice to heart this morning when I immediately sold two huge positions – one in RUT puts and another in OIH puts, both with profits bordering on the pornographic. The S&P 500 target of 1170 I've been watching for many, many weeks was nailed, and I got out.
Thank you, Andrew; and thank you to all the other commenters; I have gleened so many wonderful ideas and suggestions from reading what you write. You are what makes this blog great!
