Good day lads,
I write to you this afternoon with a heavy heart. Just Friday, I was encouraged to engorge myself in an array of inverse ETFs, betting against the stock’d market because it was fun and joyful to me. I had sinister visions of estimable declines cast upon an overtly ribald audience of characters. I was even entreated to the specter of yet another world war on Sunday evening. But airstrikes and tough talk in the Middle East just isn’t what it once was.
Markets have soared because of more buyers than sellers.
The Dow is +340 and my FAZ mobile has crashed into the rocks of prosperity and is hobbling along the side of the road now with its muffler dragging across the cobblestones. If I go a bit faster, why, it might catch sparks that could light the entire car on fire. I might just do that tomorrow, if I am bored and depressed.
Other positions of mine which cause me great pains include ERY, QID, and FXP.
On the plus side, I am fat faced happy with LEDS, BB, and EVGN. Such gains have certainly offset the bozo reality of my inverses, but do nothing to succor the pain I feel, deep into my soul, regarding the loss of hope that today could’ve been a day of both infamy and horrors.
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Dump ERY IMO.
C’mon, Fly, you saw the market gettign weaker, right? Tell me you didn’t ditch FAZ…
This morning I was literally caught with my shorts down, but I saw that high beta stocks (AMZN, NFLX, TSAL, MU) were actaully trailing low-beta tech (AAPL), so I sold a few hedges and added to my shorts. TBH, I’m still down on the day, but in a comfortable position considering the late-afternoon weakness