Did you catch how Mr. Market unpolitely bitch-slapped the bulls today, told them to STFU and go back to the kitchen and make him a “samwich”? Lovely.
In the same vein, my ill-timed foray into Almost Family, Inc. [[AFAM]] netted me a $1,000 loss as my 45.90 stop was triggered today. Screw those Almost Family bastids. I’m going back to my cave.
I’ve been in meetings all day long, but did receive stupid text messages like, “the market is down big”, and “so-and-so called and was wondering if we should be buying here”, and my favorite, “fuuuuckk!”
Exactly.
With all the flurry of activity, I did manage to increase my short bias by another 20% of equity, buying more [[SDS]] , @ $98.39 (9:52 ET) early this morning. Currently, I’m 25% net short my equity holdings, and also 28% cash and 19% muni bonds.
Back to playing defense.
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