Am I naive to think that this is a sign of the Karp-Zitron scenario approaching?
It’s mostly a sign that the Situational Awareness Fund was using too much leverage. If you look at an un-levered semiconductor index (SOXX), it’s down ~25% from the peak, but it’s still up nearly 50% for the year.
Am I naive to think that this is a sign of the Karp-Zitron scenario approaching?
It’s mostly a sign that the Situational Awareness Fund was using too much leverage. If you look at an un-levered semiconductor index (SOXX), it’s down ~25% from the peak, but it’s still up nearly 50% for the year.