Out China H-shares, Nasdaq 100 Index, Taiwan Stock Index, 30-year US Treasuries, Japan Government Bond.
Long Hang Seng (very short-term trade).
I made a small profit on Nazz, but I took a larger loss on the US Treasuries and the JGB: I’m very upset about this.
Fannie and Freddie are the talk of the town, but no one knows for sure how it’s going to work out. The underpinnings of the market seems to be a bit weak: new highs/new lows, futures premium on the S&P 500, etc.
If there is no follow-through soon, the market is going to head south very hard.
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