Mar 15, 2005

Equities

Part of me thinks I have been leaning too bearish as equities hold their ground in the face of weak bonds.

The other part of me wonders why, if I were leaning too bearish, the market failed to take my head off with the breakout last week.

It probably makes sense to accumulate some longer term equity vol in here. Beyond that I am going to be watching currencies, bonds and oil a lot closer than stocks.

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