I have not been this flat cash, in this many of our processes, for this long, in quite some time. In fact, I had to go back through my records to see if I could find a time period where this many of my processes, were this flat, for this long. In the last 5 years, I could not find such an instance.
Some of this was simply luck, and how many of the processes just happened to coincide to tell us to get flat at the same time.
But we’ve held this ‘majority cash’ station in upwards of 80% of our processes since August 26th.
We still are long a Spiders Put position, and a couple of other components which are ‘long only’. But the vast majority of what we run, has been flat cash since August.
Which has also been the profitable place to be giving a 2.1% advantage over the market …