Thursday, September 10, 2015

Still flat and nervous

We enter today effectively net market neutral, holding the same position we have held wherein we are long of the same “tanker” stock and long of a small position in coal shares while “short” of derivatives and at this point we see no reason to believe that we shall be changing that position today; however, the randomness of the market’s movements makes even that statement seem disingenuous. 

We are indeed “Flat and nervous,” and that seem quite reasonable and rational under the circumstances.


via ZeroHedge