I don’t usually like to go with my gut when I trade, but I’ve nonetheless recommended a small bet against the Diamonds so that we’ll have a horse in the race if stocks make a dash for Hell unexpectedly. That is what my gut is telling me — that the market is extremely vulnerable right now. For starters, as someone noted in the forum, there is the possibility of a direct confrontation between Israel and Iran. Iran’s threat to try and run Israel’s blockade strikes me as credible, and if they actually do it no one should expect Israel to back down.
