Entries by Dan Sheridan

I’m not drinking the Kool Aid: time to start getting a bit short!

I know the title sounds  a bit bold, but stay with me. Where is most of your money stashed? I’m not trying to get personal, I promise! But for  most of you,  I bet it’s in your retirement account. Another question, will the stuff in your retirement account be happy if the market goes up or down? The answer for most of you is up! Your portfolio has a strong bullish bias for the majority. 2008 hurt so much because most of your assets were in the market when everything fell apart between September 2008 and March 2009 ( 8 months of torture). Do I know something you don’t know about the market? Of course not. What I do know is that your portfolio is probably leaning long, the market is in the upper end of the range, and I’d personally like to start having a few puts around. SPY I’m going to focus on the SPY. Currently trading at 131.54. The 1,2 and 3 year high is around 135. You still have to respect the trend, which is up, but I’m starting to get some bearish soldiers ready to help out all my bullish soldiers who are getting a […]