Liquidated my SDS position at $50.50. Made a small profit but a profit nonetheless. Warren Buffets two rules of investment are gold to me:
1. Don’t Lose Money
2. See Rule #1
I’ve been researching some major issues in the currency markets and massive outflows from Japan and China. It’s not looking good. I’m anticipating a large spike in Treasury yields and perhaps the market tanking further unless of course the Fed steps in with another 50 basis point cut which will rattle & roil or rally the markets. Not good either way; best thing to do is sit on my profits in cash. Good luck.
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