Here we go again. Yesterday's horrible close caused me to buy some SPY puts. It is a little late in the process (after what was over 300 points down before I bought puts), but the close told me that the bears plan to push it further this morning.At open, I bought more puts, but I have my finger on the trigger to cover because I think this run down is still short lived. The negativity is huge and this sets ups for a rally into Christmas.
I am holding me fire, but the market is again giving us some values and those with cash will be putting that money to work shortly.
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