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I do not want you – – or me – – to lose sight of the big picture, in spite of the carnival which happened on Friday. You see, I was away from my screens most of the day, and seeing the raw quotes and reading the breathless headlines, I figured it was the end of the world of the one or two bears left on the planet. The moment I got back to see my screens, I saw nothing had changed. The /ES is still as wrecked as it was before.
Friday was a lousy end to an otherwise pretty good week. I drop-kicked a couple of positions for safety’s’ sake, but here are the ten bearish positions (long puts) I retained at week’s end.
