Early this morning I took 5% positions in TNA, FAS, SOXL, and LABU. I did so thinking I’d be wrong, prepared to double those positions by the end of the day. The rationale for such craziness is the idea we’re readying for 2-3 up days of pure Xmas joy. It’s a fair assessment and certainly within the realm of possibilities. Is it not?
Right now, many of my readers are rolling their eyes, UPSET, that I would do such a thing. Fuck off. I’m merely exploring the inner depths of my depravity. Of course I know the risks and I am aware that January is likely to wreak havoc on investors, in a way not seen since the Tulip craze. However, before that happens, I’m interested in a little mean reversion — if I might be so bold.
Everything hinges on HYG. It’s up, so I’m bullish.
I’m 60% long, with lots of gold. My largest holding is TLT — and it’s up — so fuck off.
In theory, we should close at the highs. But if we don’t, head for the hills.If you enjoy the content at iBankCoin, please follow us on Twitter