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Short the U.S. of A.?
October 10th, 2008 at 7:39am · No Comments
I have to think that somewhere along here U.S. treasury securities become a good shorting opportunity. It might be too early to take that position for the long-term, but I can argue on the daily chart that it’s a good time now at least to dabble in the idea. The risk is that volatility has been extreme and the bonds are down 5 full points from their high of three days ago. But it’s that volatility itself that’s the warning sign as to the unsustainability of these prices on U.S. bonds. I think small short is warranted in the December bond futures, but you have to give it at least two handles of room on the stop level, so the position size should be inversely small to that relatively large stop.
Tags: S&P 500
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