I predict dark storm in the not too distant future, led lower by the fucking semiconductor index.
Tomorrow we will be entreated to a HOT CPI number, in my estimation — providing license to some bidless pin action. All of the chickens will run about the coop without their heads, in a dizzying panorama of confusion. Having been hedged properly in a beta neutral portfolio laden with cash, I would have escaped the fires and instead of burning in them — roasting those who revealed themselves to be flammable like marshed mellows.
America deserves ZERO BID pin action and we shall receive it soon. The idea this folly can continue is perversion.
All that aside, I am of course a servant to the winds and we are at RECORD highs and the bears are a pathetic cadre of hasbeens, so I will never hasten to join their side with any temerity, lest I felt the timing was optimal.
I closed with fairly conservative holdings, hedged by $TZA and $UVIX — hoping for the worst possible outcome for stocks tomorrow.
