Naked Hedge Fund

Sorry for the dramatic title, but Im trying to practice eye catching marketing ploys like CNBC and Yahoo Finance. Anyways as you noted yesterday we made the rotation to short when we sold our long SPY at $110. I got a bunch of emails today (don’t ask me why everyone refuses to leave comments) wondering why the change?

I need a vacation.

YTD 6 trading days. YTD NHF Portfolio +0.42% vs S&P 500 -1.1%

Naked Hedge Fund weekly. 2 page PDF report on full post.

Robert Prechter is known for his ultra bearish calls and yes… Dow 1000 would fall into that category (90% drop from our current levels). In this New York Times article they give a little background on Prechter and there is a bit of a sense that they are belittling his theory…..

Howard Davidowitz is great at voicing his opinion and I think that his thoughts are usually pretty spot on. These 2 videos are an example of that.

Today was a viscous day to the downside as it broke through the support that we mentioned a couple posts ago. This triggered our stop on SPY and now have a short position with SH, since the portfolio for this site is either long or short at all times…. no cash. Unfortunately with gap down…..