Trade Alert: How To Profit From IT Budget Cuts

The economy feels like it’s in a recession and budgets for technology hardware and software get cut in a global recession. U.S.-listed technology companies rely on sales to Japan, Europe, and even China for large shares of their total business. As these economies slow, it’s bound to hit tech earnings. Jim and Dan recommend put options on a fund that holds S&P 500 tech stocks and has more downside risk than upside potential as we head into earnings season.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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