Buffet curses TLT…

Posted on May 07, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=0&mn=9&dy=0&id=p47215435732&a=231495808

Well we don't actually know that Warren curses.  But he bad mouthed the bond market.  We were already short and we added to our position today. (asterisks).  We don't think this is the beginning of the end.  We think it is the beginning of the beginning.  Readers should be aware that this is trading (aggressive) and not investing.  We'll tell you when we think an investment on the short side is warranted.  Obviously we shorted with TBT, not TLT.

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