It is disappointing to be short & long this market....

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Dear Investor,

Nothing much to add we are now into 6th or 7th week w. extremely tight range trading going on.....the GDP today was a disaster - but in the land of the Happy.. its no problem, but do spend 5 min. reading through this: http://www.ritholtz.com/blog/2009/04/gdp-down-61/

I am still recalibrating my model - but right now the mechanic part of my model is long, while the discretionaty part SCREAMS - selllllllllllllllllllllllllll......making me close to neutralising the positions.....

Bigger, broader macro piece tomorrow post the FED meeting...

Positions:

Short EURUSD, Long EURSEK, Long Gold, Short S&P and DOW Futures........

Safe trading,

Steen