Bonds go North. Stocks go South. We go to the Giants game.

Posted on May 17, 2011 by in Letters, Uncategorized

To start with we don't like the way things are shaping up here.  A minor trendline just broken in the INDU -- in fact two broken, the horizontal and the sloped.  From a trading point of view we are exiting our positions in the indices.  We think investors should begin thinking of hedging.  You can hedge in units, or partially -- for example, 1/3, 1/3, 1/3 -- or similar.

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