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Seth Golden posted an update 6 years, 10 months ago
Sometimes its a good idea at this point to sit back and let the market do what it’s going to do. Nicely in backwardation! Better to layer onto existing positions in the next week as we see how markets develop from here over the weekend. I’m up to 18% core in the Golden Capital Portfolio and placing today’s scalps into the core holding. Liquidity should be strong here folks, withstanding still yet another 200% plus rise in VIX-ETPs. This is what we prepare for and why its prudent to layer carefully!
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Down almost 5% on the Dow now. So we broke that long record that they been talking about. And this is a good thing it finally happed right. Soon normalcy comes back? After the parobolic month of a life time just got beat up?
Yea, I would think we get some spill over into Monday, possibly stabilize Tuesday or Wednesday and then find the market trading sideways to higher. So possibly another 1-2% downside before all is said in done IMO!
Thanks 🙏🏻