SHORTS: SPY & KRE

Shorting SPY @ $445.00 - 5% position

Shorting KRE @ $63.40 - 5% position

I'm shorting the S&P 500 and Regional Banks here this afternoon. I'm seeing the VIX unable to drop, interest rates making a run lower, and all moving averages for the major indices giving a SELL signal. So I'll push out some shorts (still 12% net long) and protect my downside. If the signals change, I'll take a loss here - but it looks like this is a pragmatic risk-management decision.

Imagine the selloff and DEFLATIONARY shock if accommodative policies go away!