We bailed on C and scaled out of most of FRE. The ability to set a stop and honor it is what distinguishes successful investors from those people who lost 43% in the great Bush bear market. The profits on these trades ranged from 10 to 73%. As we said when we bought them they were lottery tickets. The markets are looking iffy at this point which is another reason for exiting. Meanwhile our trades in F and BAC and even AIG are scandalously profitable, and there is no reason to exit them.
anyone still long the USD? the currency market is very difficult lately. Been a bunch of sideways stuff lately. from the charts there are big downbars and big upbars….off the low put in on jun2 on the Dollar index…