It’s over, weatherfags. I sold out of UVE and AEL — because some idiots thought it was a good idea to bet against a midwest life insurance stock because of thunderstorms in Florida. Both FIZZ and UVE have been fulfilling, but AEL was probably the easiest money I’ve made in years.
Markets are up bigly — there is nothing out there for you to play. If you want to dive back into LOW, LL and PGTI — go ahead and be my guest. But there isn’t the explosive money to be made in those, not yet at least. Bear in mind, the hurricane season is just getting started. People in Texas and Florida are gonna need those hurricane proof windows, if they’re interested in keeping those gusty winds out of their drawing rooms.
The only thing left to do, something I did a short while ago, is to dive back into the best investment over the past 5 years. The ETF that has returned over 500% by simply jogging on. It is the quintessenatial token of leisure, the windcock of Wall Street that serves as a reminder that the bull market can never be stopped. I am talking about fading volatility, via XIV.
Prove me wrong.
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Hard to disagree with anything you say here. Market has taken every drama and slight like it was less than nothing. If anyone knows what it will take to knock it off track and keep it there, that person is not me. Glad to not be run over and to make a little on a gold short. pfft
Bawz
$XIV – this has me worried, because it should be much higher (like all time highs or damn near) with the VIX low and SPX high. I’ve made plenty of bank from XIV, but if the short volatility trade starts to wind down URPO might be a better vehicle with which to travel West to California (I’ll be right behind you as soon as the kids graduate high school in another 7 years).
Better hope the fat man doesnt lob any more missiles our way, and this time accidentally hitting Japan