11th Nov 22. My portfolio was down 2% last night. But because I'm only half invested, it felt like 4%.
My shorts got killed, with energy only up a bit.
This rally might last a few weeks - more shorts need to be killed. A bear market rally of 20% is common, and 30% is historically possible. Right now, the S&P 500 has only rallied 13.3%. And last nights 5% Nasdaq one day rally is a small one.
I plan to keep short, as I don't think the market can be predicted a few weeks out. And I think we are still in a bear market. May add small short positions if the S&P rises to 15%, 20%, 25% and 30%.
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