I keep on the lookout for COLLAPSE at all times. You know it will eventually happen, all things considered. But you just don’t know exactly when and it hasn’t been very fun to short into a market lifted by Fed crack.
I am 100% done with the intra-day trading, until the next spike comes and draws me back in. I spent the balance of my morning at the car shop, getting my fucking windshield replaced. But because I have a smart glass attached to the fucking car, it needs some programming and will take hours and hours to complete.
My “Sick Dave” trade, SHORT PENN, isn’t working out now. Perhaps he’s recovering and now sustaining on apples anymore? I need an update on his health and current temperature.
The NASDAQ is +57 and I am actively seeking out companies whose fundamentals have improved during this time period. I believe we are in a PERMANENT state of fuckery, so any company thriving now will continue to do so for the foreseeable future.
As for the bond market, I am long TLT — because nothing is back to normal and it’s only a matter of time when people RUN for the exits. The panic will be forecasted in the bond market, thru lower yields. At the very latest, I think we collapse by mid September.
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