Ghost of 1929 haunts, as 1997-style crisis hits - Outside the Box - MarketWatch:
"For now, I continue to recommend investor protect themselves from a worsening crisis by focusing on defensive assets like Treasury bonds and making opportunistic short-side plays. Examples include a position in the leveraged Direxion 3x Treasury Bond Bull TMF +2.22% and a short against Brazilian steelmaker Companhia Siderurgica Nacional SID -0.06% . Both positions are carrying gains of more than 7% since I added them to my Edge Letter Sample Portfolio.
Disclosure: Anthony has recommended TMF and SID short to his clients.
Anthony Mirhaydari is founder of the Edge, an investment advisory newsletter, as well as Mirhaydari Capital Management, a registered investment advisory firm. "
'via Blog this'
"For now, I continue to recommend investor protect themselves from a worsening crisis by focusing on defensive assets like Treasury bonds and making opportunistic short-side plays. Examples include a position in the leveraged Direxion 3x Treasury Bond Bull TMF +2.22% and a short against Brazilian steelmaker Companhia Siderurgica Nacional SID -0.06% . Both positions are carrying gains of more than 7% since I added them to my Edge Letter Sample Portfolio.
Disclosure: Anthony has recommended TMF and SID short to his clients.
Anthony Mirhaydari is founder of the Edge, an investment advisory newsletter, as well as Mirhaydari Capital Management, a registered investment advisory firm. "
'via Blog this'
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