The ugly decline I have been forecasting for almost a year now seems to have gotten an early start, thanks to word of that forecast getting out to a larger audience. I have never been accused of moving the market before, so this is a new experience, and it leads us to the question of what to do now in response to that movement. To review, this expectation of an ugly decline comes largely from the leading indication we get from some data in the weekly Commitment of Traders (COT) Report, published by the CFTC. We are looking at the net position of the commercial traders of eurodollar futures. A “eurodollar” (ED) is not ... (full story)