While everyone loves the NASDAQ I find it hard to love a company in an economy where the top 2 advertisers are autos and financials. That said I am happy to see my tax money splattered all over the internets in Citigroup and Bank of America ads.
Overall, I am about 65% cash as frankly I'm a bit exhausted from the market and its herky jerky ways. Some sideways action would do us all good - as I have been repeating for months the market has been dominating the individual stocks so most "bets" are about daily market direction (far more difficult) rather than individual stock direction. This short on Google is just a way to get some insurance since I'm leaning long overall.
Short Google in fund and personal account
2 comments:
Uhm, you may be right about shorting Google, but Google has an exceptionally good position in the global market. I'd rather short some not yet destructed financial.
(not to be taken as an investment advice!)
Short term short as a hedge for the market - based on technical measures. Nothing else. All things being equal google is far better positioned than 90% of companies out there. If the chart works against me I will be out.
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