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No. of Recommendations: 0

This short had held up pretty well for quite a while. My expectation of eventual bad news finally caught up today. Although one of the better consumer cyclical companies out there, TPX was poised for the fall along with the others in these horrible market conditions. TPX will be a great long when the consumer comes back, someday.

Except for some key shorts I am now standing aside in these turbulent conditions. Although I expect more bearish potential the risk of a huge rate cut keeps me mostly sidelined for now. I never play on Fed week.

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