We’re in free-fall mode, as high beta/return stocks get beat down like a homeless man taking a piss on a police car.
I am selling where I can to reduce exposure, now at +70% long exposure, with about 15% of cash on hand. Yes, it’s true, I’ve been selling some VHC to help finance my longevity. It doesn’t help that my late day, reactionary, short sale–AG– is up today. It’s a good thing the feces company, CCL, is heading lower–else I would have nothing to cheer me up this morning.
Between WNC, BX, BZH and USG, I want to stick my head inside of a howitzer and fire away. I’ve seen these types of sell offs before. But for some reason, I can’t get used to them, or grow accustomed to their devilish ways.
It’s a down elevator with a broken elevator cable.
Proceed with caution.