Friday, June 15, 2012

Of course

The S&P 500 index has closed at its highest level in a month (1343), which compels me to start cashing out of HDGE on Monday. Unfortunately the timing of this potential rally onset couldn't be worse, because Greece is holding elections on Sunday which may or may not trigger a meltdown in Europe, which in turn may or may not cause U.S. stocks to start sliding again. Even without the threat of global meltdown triggers, market corrections are never simple, and it's nearly impossible to time price bottoms perfectly.

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