I’ve only shorted FAZ recently and made quite a bit of money knowing the Fed would pump up the market. However, the laws of economics and physics simply show we’re going to have one awesome roller coaster ride down sooner or later. I took an incredible risk and did well. Now, I’m sitting here waiting. What are you doing?
Well, I did short the market for about three days about a month ago, but aside from that, I’ve had long positions. Actually, my largest position since late 2008 has been in McDonalds, but it’s had quite a run and I’m not sure there’s much more to the upside. So, I’m considering getting out of the market for awhile, but I don’t feel comfortable shorting it.