Well, I caught a respite and sold into it, discarding of MCP like a deformed Spartan baby from mountain top in exchange for menial positions in EXK and ANR. Yes, both EXK and ANR are part of my new thesis, so you can shut the fuck up about it from now until infinity.
My TC ripped higher, making me feel somewhat good about myself. And DECK and FFIV bounced, like all dead cats should.
Semis charged higher, helping my IDTI position too. But this isn’t about me. The market, as a whole, needed today. We needed a big lift to soothe the spirits from the specter of damnation, going into Turkey Day.
Make no mistake (no Bush), I am still incredibly somber on the markets and fear being heavily exposed ahead of the elections. But there’s lots of money swashbuckling around and its always been my place to grab some, whenever the the opportunity arises.
The heart of this bull run is in housing, banks and basic materials. Tech has been fickle, subject to dramatically gay earnings pitfalls. I need to make back a quick 5% before I am able to take on risk again. Today’s 1.75% helped, but it’s merely a trifling compared to the elephantine, “colossus” losses incurred at The House of Fly these last treacherous weeks.