I've done nothing this past week. I've looked very hard at trying to do something, but I just can't find something I am comfortable with. What I wish to do is get long something. That is, I want to buy stock in either a specific company or in a sector. I'm mostly looking to get long something in the Health Care sector, probably the Biotechnology sector (IBB), or crazy enough get even more long the Financial sector. I would offset any position by getting short the market and then hope to stay neutral in my investment.
This would, I hope, keep me hedged and allow me to be neutral no matter what the market does, either up or down. How sad is that? Rather then make money, I am trying to stay neutral for now. The job numbers come out tomorrow, and I do not expect very good things. Worse things are coming, of that I'm sure. It is hard to tell which way the market will move. While I expect the job number to be bad, the market has reacted pretty well the last few weeks despite the bad news.
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