Sure my account doesn’t really show the anguish I am expecting yet, but that means little. You can be sure, the black hooded man is just around the corner, waiting to carry me off.

What am I talking about?

Check out uranium spot prices. I’m seeing spot now is down to $28 per pound. This floorless plunge cannot be hinting of pleasantries awaiting. We are experiencing bottomless pit action here; the screams of comrades ever echoing their misplaced footing.

There can be only one meaning behind this level of gore; someone(s) have finally been cashed out by the no sales nature of uranium brokerage these days. They are desperate for a bid – any bid – just something to keep the doors open.

This ends in a full scale liquidation or fire sales acquisitions, folks.

And to complete the cycle, Japan announced that their early nuclear restart aspirations have been put on notice by a low circuit court, which ruled against the restarts based on their status as nuclear safety experts…

A preliminary look says the court doesn’t actually have the authority to stop anything. Japan’s energy cabinet has already reaffirmed Japan’s commitment to restart the reactors, more or less brushing aside the court.

But this is bad publicity. Public opinion in Japan remains slated against nuclear power. I’m of the mind they still go through with it (they have to), but it’s going to be a very public, bitter contest.

For the moment, having as much CCJ stock as I do (mentioning CCJ’s own Canadian tax complications), plus UEC on the side, I can only presume the Devil is in wait to collect my soul.

Let’s not oblige him…

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The indices are lower and I don’t care, because for me the bull market is back.

HCLP is up 3.5%. BAS is up 2.3%. UEC is up about 8% after being up 21% yesterday. NRP is up 1%. CCJ is up 1%. Silver is up 1%. Nothing I own is even down today.

The rotation is at hand, into my hand as luck would have it.

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So far I’m seeing gains of just under 1% today, clearly led by HCLP. UEC is staging a recovery (I hope), but CCJ has turned lower.

The multifamily REITs AEC and MAA are digesting some of the latest move higher.

But I’m happy enough with this – we had a good day yesterday and every minute we aren’t collapsing is another minute the bears can tremor, thinking about the last five years and what their short selling addiction has gotten them thus far.

I’m not ruling out more volatility just yet – the NASDAQ has dispensed some horrendous fortunes – but I am constructively optimistic about my own.

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If not for Basic Energy Services turning on a dime and sprinting away from the rest of the trash that comprises this trading session, I would be having a pretty bad day.

UEC is down over 50% since I bought it. Mind you, as I have stated repeatedly, it is a small position. At its peak, it was under 5% of my account. So I’m not panicked here. But damn it, that was my 5%.

Give me my money back.

The trouble with the uranium miners (and the reason I’ve been very adamant up until now to just keep it simple and avoid the smaller businesses) is pretty forwardly summed up in UEC’s latest filing. They sold $0.00 in revenue in the first three months of 2014.

That’s $0.00.

The 2014 YEAR OF URANIUM BLISS (or whatever the hell I called it) …has been cancelled. Uranium spot just nosedived this week and, even though I suspect this flash crash is nearer the end of the turmoil, that kind of godless price action can only portend one thing.

Somebody is about to get liquidated.

I just pray it isn’t UEC.

CCJ is treading water daily. It’s all she can do to hold the line, but one false move and it’s a quick list to the side and down she goes.

The rest of my positions are holding up fairly well, actually. The multifamily theme remains tantalizing, particularly now that the primary argument against them – a resurgence in homeownership rates and a drop in occupancy for rentals – is such obvious bunk. AEC and MAA should continue to perform.

NRP has held up decent enough, following the 25% washout it took this year. That’s probably been my worst idea so far in 2014. But they are getting things under control, I have a hunch coal may be a terrific investment here, and I get to collect 8% annually while I wait.

I’m definitely not +10% for the year anymore, but there’s another 8 months to make something happen yet. My fear isn’t my positions, it’s what consequence an entire index of investors getting their combined comeuppance will have on me.

The NASDAQ traders got stupid. Real stupid. Will that spill over to me? It’s looking likely.

Like it or not, the stock market tends to take on a real flare of the vineyard effect. You pop up five vineyards next to each other, they all do well. Plenty of room to visit each, for the patrons. In fact, it draws in more business.

But if one of those bastards let’s an infestation go unattended; suddenly you have nothing but tears and reek wine.

Tesla earnings are out after the bell. Let’s see what happens there.

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I added more HCLP for $39.55. Do I need to explain myself?

Cash stands at 13%.

HCLP and BAS have surpassed CCJ as my largest position. Those three now account for just under 60% of my book.

Rebalancing will probably come soon, but not right now. HCLP is going to punch through brick walls first.

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Sure it’s funny to point out to short sellers how every day starting just after lunch, the market reverses all its losses. But if we’re going to be frank, the shorts have been winning this argument for a few weeks now.

Do I really care that out of five days of horrible blood, the market can walk it back on four of them? No, I sure don’t care. Because that still leaves that fifth day, and me increasingly underwater.

CCJ, and the uranium enthusiasm that started out so hot this year, has died back down.

And then there’s the elephant in the room. How much margin interest was outstanding going into this?

We’ve seen some just horrendous losses out there – and not in backwater parts of the market either. The losses were contained in leadership stocks. You’re telling me that margin interest hasn’t been impaired?

I’m worried and have been for a while. My strong showing so far in 2014 has given me the breathing room to neglect those emotions, but watching CCJ back at $21, I’m reminded how quickly it can all turn around on me.

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