Should you be long the Dow? Yes. No. should you be hedged now? Yes. No. Maybe. Have you noticed it’s October?

Posted on Oct 02, 2009 by WHC Bassetti in Letters

This is written during market hours, so it may be completely cockeyed by the close.  But we hedged our long Q and DIA positions.

Why is it we get jumpy in October?  Is it all those fond memories of 1987 etc?  (Actually we made a killing in 1987 in the market -- unfortunately the market made a killing too -- it killed the company we were running.)

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