I added to my TCK position based on copper strength. The market is selling off and the bears are dying to burn this fucking house down. My book is flipping between gains and losses in a jarring fashion. I don’t like seeing my intra-day gains and losses so unstable. A lot of the weakness can be directly attributed to the inane comments of Trichet. This man has been wrong his whole life. I am glad to see him go.

If the market starts giving up yesterday’s gains quick, look out below. I am about 30% cash and should be raising cash here. However, I’m a risk taker. That’s how I roll, much to my benefit or detriment. This is high level money management at play here. This year has been dreadful for me. My timing seems to be off by 1 or two days on a consistent basis, yet I am up 7% YTD. For the fourth quarter, it’s important that I stick to a thesis, with conviction, in order to power up my gains. I am sitting on fastballs, ignoring the curves. It’s the bottom of the 7th inning and I need a homerun. Nevertheless, I will not risk too much to accomplish my goals. It’s important that I live to fight another day, especially in arduous times like these.

For now, I am sticking to my long bias and ignoring the cat calls from all of the people I despise, who are looking for carnage immediately. Things have a way of working out for me, as I am blessed by the Gods. A little adversity is good for the mind, as it allows one to put things into perspective. My point of view is straight forward: the people who are clamoring for depression will be off with their timing because they are impatient. When it does finally happen, their accounts will be $00.00 and their dignity stripped.

There is a time and place for everything. Today is not the downside reversal day you’ve been looking for, so move on.