Modest continued deteriration of my bet against the financials via FAZ (3x Short Financials). I am now sitting on a (paper) loss of about $336,000. It is now my intention to liquidate the losing position within the next 60 days.
Aside from FAZ dropping, the other reasons for the big drop in cash this month is due to $60,000 progress payment made for remodel and a $21,000 transfer to my retirement accounts. |