Might as well get this ugly situation out of the way, so that I don’t have to think too much about it for the rest of the weekend.
Long story short, the portfolio continues to die a death by thousand needless thanks to the listless market and the absolute lack of volatility out there (while the $VIX did get a slight boost on Thursday, all that got erased on Friday – all told, the $VIX changed a net total of 0.09 points, or 0.5% during the week).
The day’s early action led to fills in a few new bearish positions, while stopping me out of FCX calls. I now await the new week with much trepidation…heavily biased to the short side into Christmas – surely, this is MADNESS!
