NUTS — Raised MOAR Cash, Took a Hedge

I’m not gonna get lured into a net short position just because the market is nuts. Even though I know and you know the era of the short fast approaches, I shall not give into the temptation of practicing witchcraft and Voodoo on equity longs here.

I sold JNUG, RENN, GSUM, CRSP and NXTDW and I earned a hedge in buying SQQQ — but I still have my oils and my entire long Quant portfolio, which is slated to be updated in a few days from now.

Markets have shattered the ceiling, higher by 350, and President Trump is very proud. A once rigged stock’d market is now entirely deserving, unrigged, and non-manipulated, and totally fair and just and it’s going higher because MUH profits and US dominance over cowering failed states littered and festooned with low IQs.

We want markets to pull in just a little, this way we can buy again and again to our heart’s content. But my appetite wanes here, as the indices get pulled higher by the short hairs. The essence of speculative fervor has become a carnivale clown and the fun removed through the elimination of the short.

Dare I say, “The Era of the Short” is coming, once again, bringing with it tumult and danger — a spectacular display of doom that will make XIV look like a picnic in the south of France on a calm balmy day — paired with raw seafood and champagne.

Meanwhile, Le Fly is busy orienting himself with establishing a beachhead in the investment advisory field — which keeps me busy during my downtime and recently during the work day. My new dog is behaving, no longer trying to eat my old one. She has a tendency to mimic what she sees. Just yesterday my old dog growled at her, showing teeth, from a perch and jumped down to go after the new one. Quickly, the new dog jumped up and situated herself in the exact same pose as my old dog and snarled down in the same manner and fashion as my old dog — which gave me a good laugh, maybe two.