What are you buying today?

[randomep]

In short, lots of yellow flags.

But the same can be said for 2012 and 2013......

The above statement, honestly, seems like a contrarian flag to me.

[twacowfca]

In short, lots of yellow flags.

But the same can be said for 2012 and 2013......

The above statement, honestly, seems like a contrarian flag to me.

If hedges were high probability winners, they wouldn't call them hedges. 

[tombgrt]

Yes, it remains a hedge. If I win I practically lose nothing. If the market keeps rising, I win a few percent less. A lot of bearish commentators from different angles (macro, value, technical,..) have been turning. Fear was much higher a year  ago.

[randomep]

Yes, it remains a hedge. If I win I practically lose nothing. If the market keeps rising, I win a few percent less. A lot of bearish commentators from different angles (macro, value, technical,..) have been turning. Fear was much higher a year  ago.

yes yes I agree.... btw how exactly do you hedge? with puts on an amount equal to the entire size of your portfolio?

[Kraven]

In short, lots of yellow flags.

But the same can be said for 2012 and 2013......

The above statement, honestly, seems like a contrarian flag to me.

If hedges were high probability winners, they wouldn't call them hedges. 

Great response.  I liked it.

[onyx1]

Added some to the SPY puts we bought a few days ago.  Portfolio is about 2/3 hedged.

Why? WSBASE has flattened out of the year and a half growth slope, but still too early to say there is a change in the trend.

Dynamics of S&P500 slope looks like a market on the verge of a crash, according to Sornette.

Fed is concerned about the development of an asset bubble, so they may not save the bacon this time.

Market cap/ GDP is high etc etc etc

In short, lots of yellow flags.

Raising cash by cutting long exposure and leverage.  Not macro related.  I want to own assets with a healthy asymmetric return profile but as prices have increased the return profiles are too balanced.  Last time I held this much cash was mid-2011.

[fareastwarriors]

correction?

[dpetrescu]

Nothing. I have no new ideas and 40 something % cash. Well I did buy a tiny bit of FIAT based on this board, but I missed the big run. I'll have a lot to research in a few weeks with 13Fs.

[Lance]

I wrote puts on AIG and SHLD this morning.

Thanks,
Lance

[gjangal]

C ,  90% Tangible book. Betting on them improving their ROE/ROA