Thursday, July 23, 2009

7/23

The market has been rallying almost nonstop in the past ten days. My short portfolio has been taking a beating. These past few days has truly been an outlier event. After nine continuous up days on the QQQQ similarly for the other major indexes, the index manage to hit another big day IWM (3.24%) and QQQQ(2.21%).

I didn't even bother looking at my portfolio during the day.

Tim Knight has a great post explaining how he is feeling with the recent rally.
You can read it here (http://slopeofhope.com/2009/07/resilience.html)

If you read Tim's post, you can get an idea of how I'm feeling the same way with the recent rally.

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