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Tag Archives: S&P puts

GOT THE DIRECTION RIGHT

Unfortunately, we never had a chance to buy the S&P puts I recommended on Tuesday’s post. (You can now cancel the order with your broker.) The stock market simply fell out of bed before we could act. But my warning was on target. We’re in the midst of a nasty little “correction” on Wall Street that promises to pull stock prices somewhat lower over the next week or two, maybe a bit longer.