Go Ahead, Fade It

Futures are weak, and for the most part, Europe is trading lower. A great wind comes from the east and it will take all of your belongings away, leaving you naked in the street in a vast sequestered remoteness.

After all, with these gains in the general indices, up to the tune of 3% for the year, one mustn’t be greedy and wait for more. Could you imagine the SPY being up 4, 5 or maybe even 6% for the year? It would be the bubble of all bubbles that would destroy the very fabric of this low-brow society that we live in today. A place where the Met Gala stands for crass perversion, a denizen of whorish immorality, is a place that Le Fly doesn’t spit on when aflame.

You’ve had it good for a long time, six years running and gunning–padding your bank accounts and vaults with treasure. The time has come for a great reversal to the mean, a precipitous drop of moronic design.

Will I be selling?

Of course not. Le Fly welcomes hardship like a Vampire stumbling across a blood bank. Being up 20% for the year without heart pounding draw-downs feels unnatural to me. I want to feel the pangs of misery and indecision now, in order to fully appreciate the position that I am in. While many of you are sticks in the mud, ordinary readers from ordinary backgrounds, I still have faith in your mediocrity to wade through the storm that is about to come.

Or, the market might just erect a full middle finger, take out a 45 revolver, and shoot the last bear standing in the face.

Either scenario is perfectly acceptable with me.