A few hours ago I sold off our Bearish ETF’s which were our portfolio hedges for either a very small loss or no gain. Accounts preserved their value in the decline and now my best guess is that we could rally into the month of March.
The decline of the last month has thrown a bucket of ice water on investors who were quite overheated in mid January. I would have liked to have seen a greater decline in the market but it appears I’m not going to get it.
Brad
Long: none