Long TNA

[Pascal]

Thanks for the thorough explanation, Pascal.

A bit off topic, I've been surprised that the MF for the S&P 500 doesn't appear to show much selling, i.e., the line isn't heading down as much as I would expect given price action. Do you take this as a sign the big boys aren't selling into this decline, OR, is there much more selling to come?

I would say that this market is well controlled for now.
The epic reversal of today tells us that there is no real fear of a collapse.

The weak US$ is even a relief for investors (that was the major issues for future earnings)


Pascal