Perhaps I am wrong here — but I hate stocks now. Understand the backdrop of my hatred and know that I cannot, BY LAW, sell my 100% long book. These are strict rules that I imposed unto myself and because of this — I have been afforded with the opportunity and luxury of only having to day and swing trade — hedge and do other things to boost returns.
It’s important that I explain this to you, so that when you read me and think “oh that’s just more fly garbage, permanent bear talk” — you’ll shut your trap BEFORE it opens with lies and innuendo. I am a very smart person and I do things methodically and I am pretty sure I am not afflicted with Dunning Krueger — although one never really knows these things. Do I have actual intelligence or perhaps a skill that I perfected after bashing my head against the wall for 30 years?
The jury is out!
One thing I will relay to you, my dear readers in post Pax Americana, the market is narrowing and weakening by the hour. I am now NET SHORT via a fuck you you’re dead 40% position in TZA. Before you get all crazy and declare me incompetent, understand (I like to condescend with that word) that to be NET SHORT with a 100% portfolio of growth nonsense, I need to be at greater than 35% in any number of leveraged ETFs. Ergo, my 40% TZA position is more or less a conservative allocation rooted in the idea that stocks fucking suck.
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“Do I have actual intelligence or perhaps a skill that I perfected after bashing my head against the wall for 30 years?”
There’s practically no difference between the two. The people who think they’re intelligent with no skills perfected after decades of work are the dumb ones.
Tuesday’s candle thanks to SOTU. The economists are having difficulty placing us, as usual.
Rules ?
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