Wednesday, November 3, 2010

Update

I did not sell. The market hasn't reached at least 1200. Although the top can be lower than 1200, it is risky to hold short positions overnight when the market closes near its highs.

The amount of the future treasuries purchases is not too big. It is just above $500 billion, a number anticipated before the announcement, meaning that it is already priced in.

No comments: