Not About The Money
Not About The Money
UPDATE Closing Bell: I’ve seen some nasty whipsaws in my time but today took the cake by far. We all know where the buying came from – thanks Ben!
Always remember: It’s not about the money…. it’s about sending a message.
I’m still holding my March puts but only because it would have been a mistake to sell them into such a move. If tomorrow does not bring us an instant reversal I’m considering to exit the market and lick my wounds for a while. Under normal circumstances I would have sold the rip, but I’m just not sure if there are any bears left after today’s obvious intervention by the PPT.
Hope you guys did better than me – this was not a good day.