Straight Up

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Earlier today, I saw something on ZeroHedge which would have made me fall out of my chair if it weren’t for the fact that I use a standing desk:

Groan. The thing is, he was extremely specific about his trade: he was short S&P futures, with a stop-loss price of 2741. I guess I don’t need to tell you what happened next.

The only good news is that we’re a hair’s breadth away from 2741 at this point.

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