What are we doing?

What is the investment advice?

We prefer to share what we’re doing with our own portfolio. We strongly believe that taking the other side of panic is nearly always a good idea, and so this is what we’ve been doing here. If you are short, take back some of your shorts on each leg down; if you have cash to deploy, deploy some of it now; at the very least, make sure you rebalance your allocations to previously determined target levels the time is now.