Channeling the 80’s
March 24, 2009 at 19:10 PM EDT
Macro Man was sceptical of the PPIP yesterday and sceptical of the early-doors knee-jerk rally in stocks. He was short. He was wrong. His stop having been executed above 800, he can now sit back and survey the damage to his portfolio. Fortunately, his equity short was appropriately-sized, so the pain has been more intellectual [...]