Markets reversed a +500 and turned that smile upside down, in a panicked for the exit close. Everything that could go wrong did. The Fed said they’re very interested in tapering and Fauci opened his big fat mouth about Omicron- discussing the first such case in the US. All of this, and much more, has led us to where I told you we would be by Xmas — which is on the verge, if not inside of, a lockdown. The peoples of the vaccinated part of society welcomed with warm embraces state led dictatorship all in the name of health. We are ever so scared to die — because in the end — everyone is an atheist. Deep down at least, no one really believes in heaven, otherwise they’d welcome death as a comfort and not an anathema.
On the issue of uncertainty, we have markets barreling lower and your urge is to retreat, when in fact you should be charging forward.
Fixed bayonets, leaning into this decline, is how I will play it.
I had escaped today’s horrors up until late afternoon when I fancied myself too smart and bought ADGI and it quickly sank 7% on me. I had also positioned into old man stocks — thinking they’d rally into the close as investors sought out safe havens. I was wrong. I had a 15% position in DRIP and ended selling it 3 mins to the bell for profit and then I switched around, the lunatic that I am, and dove into TNA (TITS N ASS) into what is sure to be a tumultuous overnight session. It is a 10% position and all I have, aside from my BITO call position.
I ended down 0.48%.
Into panic, I will add to the TNA position and I find myself most comforted by the idea of a leveraged upside ETF in the midst of unrivaled panic. The mood has been dour all year and the President and his polices dreadful. We are here now because of the actions of people and the confidence that has been built upon the sandy foundations of the Federal Reserve is starting to give way. Nonetheless, it is my experience, at least in recent times, nothing ever happens and the disasters we almost all look forward to is avoided.
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