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To: Galirayo who wrote (8921)10/10/2008 2:50:39 PM
From: skinowski  Respond to of 41419
 
Utes is an old fashioned defensive play. Will probably work again... some.

Check out VIX - pushing 76.

I'm solidly underwater with Energies - despite all sorts of aggressive hedging, shorting indices and what not. This gets on my nerves - I knew that the down will be big, but I didn't think it will be THIS big. Who did? But most of my powder is in short term bonds and such... which was my wife's good idea... -g