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You Are Here: Home > Articles > Contributors > Turning the Ship Toward Bearish Ports

Turning the Ship Toward Bearish Ports
Dec 04, 2008

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Tim Knight

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Here's a snapshot of my three portfolios, each of which has its own personality.

My IRA is 100% long with 41 small positions, almost all of which are in the green after just a few days. Even today, with the market down pretty badly, it's up nearly 2%. I'm not touching a thing. This is going to sit as a "long term" (Tim translation: a couple of months) portfolio.

My personal account is 100% short, and I supplemented that with a Russell 2000 put position earlier today.

My family account was 50/50 early today, but after dumping my big DIG and DBA positions (both at a loss) and shorting a pretty big ES position, it's heavily bearish now.

The fact is, if the strong EUR/USD couldn't nudge things higher, the market is far too sick for me to be getting aggressive on the long side (my IRA notwithstanding). I'm going to buzz through all my individual charts now to take a temperature on a micro-level, since these indexes are pretty bewildering.


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