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CGTS TRADE OF THE DAY: SHORTSELL X, US STEEL

I have been shorting X (LONG PUT OPTIONS) for some time now. I see X going down around 2.5. But this is a short-term trade. March 7 puts.

There is going to be no recovery until we unload a TON of debt -- globally speaking. This means higher rates, more deflation, more default and bankruptcy and debt forgiveness. We screwed up. Now we get to pay for it.

seekingalpha.com/instablog/428250-michae...

GOLD HAS NOT BOTTOMED. OIL HAS NOT BOTTOMED. THE US DOLLAR HAS NOT TOPPED. THE RUBLE HAS MADE A TRADING BOTTOM AND IS RALLYING.

HERE'S THE TRADE OF THE DAY: SHORT US STEEL CORP.

Best,

MJC, CGTS

Disclosure: I am/we are short X.