About Me

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Location: Massachusetts, United States

My "I" is constantly changing (perhaps this is merely AD/HD): overdetermined nexus of cultural forces emanating from several continents: skeptical of all Truths and seeker of the truth: iconoclast by enculturation, brain chemistry, and, perhaps, choice: perpetually perplexed, particularly about why we exist/ as the manifestation of overdetermined forces whose existence (and nature) is not as solid (or simplistic) as we would like.

Monday, August 22, 2005

Short Market/Short Oil

Decided to go short the S&P 500 and to hedge by shorting oil, as well. If both the S&P 500 and oil go up significantly, then I will lose a lot of money. Second worse scenario (for my portfolio) is that the S&P 500 goes up significantly and oil is flat. My assumption is that the most likely catalyst for a sharp rise in stock prices is a sharp fall in oil. Under that scenario the hedge keeps me from losing a ton of $$$.

posted by Satya | 11:30 AM