Ok, you giddy-yuppies, wipe those smiles off your faces. Just because the market is melting up today, doesn’t guarantee that capitalism is breaking out all over the world. Your profits are still on paper, no? Until you’re liable for the taxes, the money is not yours. So sorry to break that bad news to you.
Time to use this day as an opportunity to nibble on the short side now. It doesn’t have to be a colossal amount. Just get a small position on the books. Sell some stuff and take the profits and get short with some of it. Savor the elitism of being contrarian on a day like today.
Get SKF, SRS, SDS, etc. back on the radar. Start preparing for the next move down. Like The Fly said, America is Doomed. So is Europe. Protectionism is contagious.
The big play yet to come is shorting Europe, the Euro, and the breakup of the EU.
Not only do they have a hard time understanding each other, those idiots hate each other anyway.
“We are the world”……Uh, no.
(Disclaimer: the previous note is not meant to be investment advice for the internets. I’m merely jotting down some of my thoughts)
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