HEDGING THE OTHER TAIL

The 'tourist adds a right-tail hedge

I believe stocks are headed higher. Sure, I think the “bull market in crap” is over, so I am not buying the past year’s hot names, but I expect a violent rotation into real economy stocks which will send many previously unloved companies soaring. I am long, and probably uncomfortably so.

But that’s not the topic of today’s piece.

No, instead I want to tal…