I suppose it’s rather immature to wish death upon a non-living substance, but I’m going to do it anyway. Markets rebounded and the VIX melted away like snow caps in the sun. But, I have an ace in the hole — my evergreen position in DRIP — 3x inverse oil and gas.
Realizing having more than 3 bearish positions makes me a bearshitter, I felt that this was a very appropriate position to take, especially in light of the recent rally in oil.
For the record, in my discretionary account, I am long UVXY, DRIP, HMNY, UCTT, FIZZ and ESPR, while being short BAC and NVDA.
This market is truly a hard nut to crack. I’ve been waiting for some downside action, not because I hate stocks, but because I want a change in scenery. Enough of this incessant upticks already. Let’s have some broken elevator pin action to clean the market place out from all of the faggot novices who’ve been taking it easy the past year.If you enjoy the content at iBankCoin, please follow us on Twitter