I raised a little more cash today, selling half of my APC shares for a profit. My entry points were $61.60 and $64.06 each of equal batch size. So a nice 6-11% profit inside of a month.
My cash position stands north of 25%.

I’m going to be out most of this week, celebrating the birth of the greatest country on Earth with people I care about, and I want the peace of mind.

Now, I’m sick of you self-deprecating misanthropes treading on the US, just because She hasn’t always been perfectly straight and narrow. This is the 4th of July we’re talking about here, and I would appreciate it very much if you not muck it up for everyone around you.

Just remember in between one of your diatribes about the unjust warmongering ways of America, passionate defenses of the Iranians/Libyans/Iraqis/Afghanis/Whoever – “What would you do if someone was pushing into your business…?” – or enthralled critiques of the latest Nom Chomsky paper on sociological advantages that come with embracing cowardice in every tough situation you encounter in your life…nobody cares.

Even in decline, this country provides more opportunity for you pissants than anywhere else on Earth.

You think Europe is great with their precious social considerations and “feel-good” recreations?

You’re in the middle of watching their entire system implode.

You think China is going to overrun us?

The entire Chinese economy is built upon serving us.

You think this is the rise of South America?

Argentina. Venezuela. (I don’t even need to form sentences here)

Sure the US has its faults. We make mistakes. We get preoccupied and let the insane run the asylum, from time to time. We oversimplify complicated problems, first in negotiations and then by leveling entire countries.

But have a little faith that this country can revert to its former glory, this week, while you’re setting off micro explosives and chowing down some burgers.

Don’t sell us short. I may be down on markets and a few realities of the moment, but America Herself is the comeback king.