On the Level: Gerry Jordan Sees Near-Term Rally, but Stays Bearish

Gerry Jordan, the boss at Hellman Jordan Management in Boston, is looking for a trading rally into the end of the year. Still, he remains bearish longer term.

Last time we checked in with him, Jordan was up about 60%, excluding fees. Going into the past two weeks, he was up close to 65%. Then came the slide. Jordan, who has made piles of money shorting tech this year, covered most of his shorts. Then, the Nasdaq collapsed, and, as he says, "I left two years' performance on the table." Ouch.

Many of his oil service stocks got creamed. That alone sliced 10 percentage points off his performance. Double ouch. ...