Obviously the Gods were toying with me yesterday and gave back all of my losses and left a tip for me today. With Zuck getting CLEAVED and markets spiraling lower, my $UVIX and $TZA positions skyrockets. And, at the open of trade, even the $ERX went higher, netting me a gain of +153bps.
I am now nestled in 100% cash, watching all of you race back and forth, attempting to make sense of it all. Some of us struggle from birth to grave, and others lead charmed lives. I am of the latter and tell you this as a reminder to never bet against me when it comes to the stock market. The wins just come very easily for me and it’s extremely rare when I am not winning on a continuous basis.
At any rate, I am in no rush to spoil the big victory and will bide my time reentering the tape. Things look dreadful, but I doubt they won’t stay that way, especially when considering the dollar carry trade and all of the foreign money being applied here to jimmy stocks higher.
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