I closed the session -58bps — losses mitigated because I am a professional. I am 40% SHORT on top of my 100% long book — but my soul, when you look at it, is black. I want stocks to crash and markets to halt for months, even though it would lock up my assets and cause my wife to panic. That’s ok — because I am willing to sacrifice for the greater good.
Today was an 85% down day, with heavy losses FESTOONED across the market place. This new demeanor has much to do with SPIRALING HIGHER RATES, now encroaching 4% on the 10yr.
This, you should know, is the worst case scenario for stocks and you should know this now in order to prepare, otherwise your losses will be SEVERE and your lives will be reduced to ruin and rubble.
GOOD DAY.
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Stop being a pussy and go 200% short.
Agree. Rates weren’t the big story yesterday Fly. The war tour and what The Mob had their wind-up toys say was, and remains, the story.