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Archive of entries posted on 15th August 2011

Frenzy is the word. It produces acute worry or strong optimism.

Monday, August 15. Last week’s gyrations made my friends crazy. They all worry. Yet their reactions differ. Some are loading the boat with “value”  equities. Others are looking for ways to go hedge their portfolios. But they can’t find cheap hedges. The VIX is too high. For me. I’m wary. I’m keeping my stop-loss finger […]