A wonderful $SPAL (+2,14%) ride over 18 months is coming to an end for the time being. However, I could imagine another entry at 1300-1400$. It remains exciting.

What is the general outlook for the markets? My cash ratio currently remains very high at 43%. The indices continue to look weak, with the Nasdaq in particular on the ropes. The seasonal VIX spike will hopefully come in Q1.