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