Tuesday, January 20, 2009
Update on Shorting the Government
When I wrote the post, TBT had closed at $35.85 (12/30). It shot up to $42 and change in a few short days. Not bad annualized. Somehow, intuitively, I think it might be too early to jump in. The S&P has some ways to go down which theoretically should bring TBT lower in price again as risk aversion reappears.
Posted by Barbarian Capital at 00:38