Some strategies a prominent hedge fund manager recommended about 13 years ago.
“What’s important when your in that hedge fund mode is to not do anything that’s remotely truthful. Because the truth is so against your view, that it’s important to create a new truth to develop a fiction. The fiction is developed by anybody who’s down 2% to up 6% here. You can’t take any chances, you can’t have the Market up any more than it is if you’re up 6. Because starting Gn 2 you’ll have all your money come out so what would you do if you’re in that situation? And you feel like you’re desperate? You would do these actions.
The great thing about the Market is, it has nothing to do with the actual stocks. Maybe 2 weeks from now, buyers will come to their senses and realize every thing they heard was a lie. Then again Fanny Mae lied about their earning for 6 billion dollars so it’s just fiction and fiction and fiction.