What the heck is going on? Some of the craziest things I’ve ever seen have occurred this week. In France, a 30 year old at a bank traded over 7 and 1/2 billion dollars in losses. If thats not enough, he was able to hide it from the bank itself. NUTS. Absolute nuts.
I know a lot of people out there have watched their portfolios dwindle this new year. I managed to pull in about a 10% gain. I had been shorting the technology sector using Ultra Index ETFs, specifically REW. I sold on Wednesday, The market appeared to have some short term support. I am very much on the fence as to where we go from here…. Thursday may provide more questions than answers.