### Comment:
I watched the big short in January and then decided the markets were going to tank and went all in spy puts and lost 90% of my portfolio

### REPLY:
its the nature of bear markets to rally hard upwards. Thats why you need to be careful, I have been on sidelines since Christmas as I cannot bring myself to go long this garbage. ( Only thing that would change my mind is if Fed does another QE). 
  
 Largest rallies in SPX have been in bear market recession territories. 
  
 https://twitter.com/CiovaccoCapital/status/699278889286127616

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