QQQ and the hedge that saved my bacon
–yes I am still short but hedges have helped
Long is dangerous and hedging is tough
–even a tail has RISK!
Expected moves and the great bifurcation
–QQQ, SPY, IWM, XLE, XLF
Diversification is DEAD!
–NASDAQ 100
–SP500
–EEM
–Low Beta does not constitute low risk
–Where are you gonna go?
SPX Expected Move
–last week– 64.02 (expected move)
–next week– 49.96
