U.S. Stock Markets will only be open for a half day tomorrow Monday December 24th for Christmas Eve and closed on Christmas Day. And the following week will follow a similar pattern, being completely closed on Tuesday, January 1.
And the muck in between is no-man’s land, especially given the market we’re current in as best described by our pal Howard Lindzon: “This is one shitty market.”
Unless you’ve got positions in distress that need defending in this sloppy, bearish tape, it’s best to sit on the sidelines and wait until Wall Street gets back to work for real after New Year’s Day. As such, we will not be adding any new positions to the All Star Options portfolio this week.
We’re fortunate [Read more…]