May 18, 2015

Short SPY etf

The "Bad News Is Good News" feature of the equity market is getting too entrenched and accepted in investors' and traders' mindsets.

I raised my short exposure further this morning based on the ever-widening chasm between financial asset prices (higher) and the real economy (disappointing.)

The chasm has gotten so large that I am prepared to take some more short-term pain for long-term gain. 

Originally published Friday, May 15, 2015