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Strategies & Market Trends : Currents of Currency
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To: Ahda who wrote (315)8/1/2014 4:32:05 PM
From: Joan Osland Graffius  Read Replies (1) of 594
 
Fleckenstein today:

In terms of overall investment strategy, my best guess is that the market may (again, may) have exhausted itself and -- as I have been saying all year -- I don't think the Fed can taper to zero without the stock market being hit hard. Thus, today I bought October puts on a handful (for the first time since 2008) of PC-related companies (namely, Intel, Micron, Seagate Technology, and Western Digital) because I suspect that the one-off help of the Windows XP expiration is essentially behind us.
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