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ljsquid
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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • Draw-Down Likely Soon 0 comments
    Mar 3, 2014 9:41 PM | about stocks: SPXL, SPXS, SPY, QQQ

    Investor sentiment rose to bullishness, which is a negative contrarian indicator. Multi-billionaire George Soros is one of the exceptions, taking a huge short position on the market. He has doubled down on his bearish bets, increasing his negative state to $1.3 billion. It is not the time to be getting into the market.

    In fact, there is good reason to follow Soros. The Fed is slowing QE by $10billion/month, at which rate the stimulus would disappear by September. I don't think this will really happen, as the markets and economy are fragile. The Fed will likely stop its stimulus. What does this mean for stocks? I think there is a high chance of a 5-10% pullback over the next month, then another up-leg.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: SPXL, SPXS, SPY, QQQ
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