$SPY $QQQ Market Update: Long bonds
There has been a lot of weakness in the market in the past few days as the breadth in the market has declined. We have closed our long positions from 140 buys to 151 for a nice 8% gains (http://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/ ). We have initiated a long bond position at 117 today. In simple terms, equity is not a place we want to be, bonds are a better bet based on our proprietary tools.
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