Friday, September 16, 2005

Prep time

I am hitting the mattresses until Tuesday afternoon in advance of the Fed meeting....

Just cashed out of some positions and have pared down basically to my core long positions. Trading portfolio is essentially in cash.

I'm not taking any chances with all the clown pundits out there hoping for a skip of the next rate hike. They might be right, or there might be sufficient signaling language in there to make them happy, but I reserve my money for more likely plays than that.


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