I am up over 1.5%, as my special collection of multifamily REITs, gaming corporations, water utilities, uranium miners, and grain operations thoroughly abuse the other market participants.
It’s a strong end to a lame week; one in which I found myself not caring to even check my results. Hopefully, that lull in excitement won’t carry over into next week.
Although I am up, I wouldn’t much mind a good bleed out in market participants. If such a blessing were to occur, I would laugh maniacally while watching people flood the streets. I would stand at the 9th floor’s window, my eyes ablaze as I cackle wickedly at the multitudes, caught off guard. Even though my own positions themselves would be getting cut down, I doubt it would deter my mood much.
Our markets have been pushing up for too long; it’s a monotonous trend, and one I don’t want to stick with. Spending the next five or more years pooling cash into slowly increasing collections, waiting for the next big volatility point, isn’t something I’m really ready for.
I want a little more of the good, old fashioned stock-market-lynch-mobs. A few more 10-15% corrections or massive panics…it’s just too boring when volatility drops out. Even when I’m making money, effortlessly from my office chair, I have to ask myself “could this be more interesting?”
Maybe I’ll get my wish when our next bond auction sucks? Or when the Fed announces that they stopped out their programs two months ago, so as not to risk mutiny from the Texas and Southern members? Or, God willing, when the Tea Party Representatives stiff arm the budget negotiations and sends our portly programs careening off the nearest cliff?
But one thing is certain, as I stand rigidly staring out this window of mine; I am not ready for the fun to be over yet.
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7% and vix 31 was pretty good… just extremely brief
True, it felt tough to trade though. I’d like to see us challenge DOW 11,000 again…actually take us back into last year a little bit. Get some prolonged selling that can’t be eviscerated by shorts covering.
I didn’t gett excited and buy it either. Added to a couple positions but mostly sat it out
I added to BG, but other than that, the only purchase I made was uranium. Uranium was sort of a separate issue to the poll back though.
What are you holding, I’m curious?
In approximate order: cash, farmland, 2 hedge funds, short positions in various levered etfs, basket of insurance stocks (xl, hig, cno, etc) held since 1q 2009, a basket of BDC stocks held largely since 1q 2009, other stocks inc dow, atpg, basket of reits held since early 09, and a gaggle of hedges inc puts on xlf and fas to offset partially the largely financials nature of my holdings.
Mostly just land, cash, crap held since 1q 09 and short levered etfs
Been selling all year. Dumped tck, aa, mgm, lvs, usg, more… all largely held from early 09
And sold/covered option positions in t, vz, mo this year also after they cleared 12 mos