The waters were very warm today, very warm indeed. The proletariat took to markets with fingers crossed hoping for the best possible outcome. Stocks traded up but didn’t finish pleasantly pinned to the highs, but instead well off them.
Indecision is in the air, but the proles remained all in, leveraged at 150% of their portfolios because they feel, all things considered, that they deserve more. They are inherently good people and good people deserve to win.
WRONG.
Only the strong survive and only those disciplined with flourish. One does not drink booze because he feels like it or eats cake because it might taste good or buy stocks because he wants more money. One does things in accordance to a grander plan, thinking differently, behaving with decorum.
I closed up just 7bps, 60% cash, longs of the defensive nature with a small hedge.
See you catamites tomorrow .
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