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.

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