Markets in Flush Mode — So I Bought a Chinese Burrito IPO (Try to Stop Me Edition)

Markets are doing precisely what I expected. My LABD is sprinting higher and more or less my longs are okay. So, capturing the spirit of all of the Wall Street gamblers before me, I stepped in and bought some UXIN.

UXIN is a piece of shit Chinese IPO that just came public; and because it was priced during a very bad day in the markets, it didn’t get to stretch its legs. Ergo, I stepped in and bought some today.

Is it possible that this too could lead to a disastrous drawdown?

Not possible.

Also, I am now down to just 10% cash, perhaps a foolhardy position all things considered. But I have those SRTY and LABD hedges working overtime for me. Nothing is able to stop me, frankly, so don’t even try to get in my way.