Friday, January 4, 2008

Weak jobs data excuse du jour

Volatility indexes have not moved much even as markets drop 2-3% across the board. Semis hit hardest, small caps and financials also take it on the chin. Officially this looks like SAR works better than going long, though the short side seems overdone in the short-term. In a bear market shorts win more often, and any rallies are short-lived, so be nimble if going long. Congrats SAR!