Equity Selloff Likely To Continue
January 19th, 2007 by Buck Woodford
It looks like we’ll get more selling in the morning.. potentially heavy, after IBM reported their results this afternoon to a suddenly glass-half-empty Wall Street atmosphere. It’s always interesting how quickly the market attitude can change.
Although we had lightened up our long positions early this week, we also took some hits on Thursday in that department. Overall, however, damage was contained by our short index positions.
30% net short
