Rick is putting some shorts on the E-Mini S&P
November 27, 2019
Rick Ackerman joins me today to share a recent trade he is taking going short on the S&P. While he does not think this will be “the mother of all tops” but for how far the market has run without any sort of correction he thinks now is the time. We also discuss the VIX which continues to trend lower and the speculators build on there historic level of shorts.
Nov 27, 2019 27:06 PM
Good job. Much better than Gary Shilling who told investors to short the S&P 500 back when it was down around 2895. Anyone who took his advice lost over 8% so far.
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While I’m not shorting the S&P, I did move to the sidelines today. Stretched too far above the moving average. Thanks Rick.