Wednesday, 18 March 2009

too early

L: 28% S:72% G: 100% N: -44% ~ $D 27% $G 2% $V 0% $P 2%

On balance the Raven is pretty bearish short term so has taken some pot shots at his favourite shorts, 776 has been a decent resistance level with the top of the bear market rally being 800 if the Dow in the depression is any sort of guide. Currently he's hedging this with some upside calls in the EUR/USD (more on that later today), although he must say he realizes how crowded this trade is right now it does balance the short beta a little bit.

The FSA banking "revolution" today is just going to be hot air, he doesn't expect that much new news from Bernanke either.

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