Wednesday, July 27, 2011

Market Comment 07 27 2011

The debt-ceiling standoff is going nowhere. Investors ran out of patience and headed for the exits.

Multiple equity positions were sold after stops were hit. As a pre-emptive measure I did exit our NASDAQ 100 position (QQQ) this morning.

If we get more downside tomorrow I will further reduce risk assets. After today, our equity exposure is relatively small.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

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