The early bounce has failed. That does not mean it won’t recover. However, the NASDAQ is bleeding badly and only old man DOW stocks seems to be holding up. Well, that and gold and silver, which is plenty ominous given how they’ve behaved recently.

I’m going to sit back some more and gauge everything closely. Betting against strong upward rallies has been a losing proposition for three years. Yet, there’s no doubt, looking at crap like TW or the recent biotech run, that there are some very bad bets floating around, which are only being made because: “Who cares? It’s free money, I can always get more”.

I’ll check back in Tuesday and see if I want to bet on history repeating itself. My guess is, even if we continue higher from here, there are cheaper prices to be had over the next seventy-two hours.

As the markets tank and the dark shadows creep across my walls, my face pulls taught; unsmiling with a waxy glow. The tips of my fingers press together; hands raised in front of my nose; and I peer over them looking to the murk outside.

But of course, there is no concern here. For if you follow us religiously (as all good neophytes should), you are 45% cash right now, indifferent to the storm. Even welcoming it, I should say, much as the defending army welcomes hardship and suffering on his home lands, knowing that the ill prepared barbarian savages at the gate will keel over in pain thrice their own.

Let the tundra be covered with ice and air so cold, their skin burns with a black fire. For our hearths are warm.

Wow…I was about one day early here, clearly. Check out CCJ, check out HCLP, check out BAS. There’s just making money here. The only two positions I have that are down are physical silver and NRP.

CCJ is still a 20% position for me. Now it’s pressing through trying to cut the multi-year channel it’s been stuck in.

I’m up .9% today – fifty percent cash. That’s almost angry winning.

Come on guys – this is nuts. HCLP is up 5% on what? It’s been a great stock (I still have 5% of my book in it). But why is it up that much today?

We need a wash out. Because TW is not a 30X EPS stock, that’s why.

The 9th floor is cloaked in excellence as we revel in 1.3% gains for the day. CCJ leads the charge, plus 3.21%, with loyal BAS and HCLP marching lockstep behind her, up 2.16% and 1.99% respectively. That’s 45% of my portfolio right there.

Everything else is being rather well behaved, and I’m making a good showing of the afternoon for it. Any give back from early January is now gone and I’m up 1% for the year.

This shall be the year of uranium. Cower before the terribleness of it all.

We haven’t had a real equity pullback since 2012. There were fake ones in 2013, but let’s be honest; 5% broad moves in the indices in this day and age are just white noise. It hardly counts as a real pullback.

If we get a real move lower, it needs to be good for 10% or so. That’s a string of 300 point DOW days, red as blood.

I welcome an equity pullback. If we got a real scare, I have just enough cash to make a good show of it. And TSLA would probably catch a stick to the eye, filling my losses from the remaining puts as fast as my portfolio could otherwise correct.

Still, no need to get ahead of ourselves. Let’s just see what happens here.

Welcome and I pray your week long festivities were of a convivial nature. Good food and and good friendship for you.

The year is coming to a close, and what a year it was.

With the stock market reopened, I am up a small amount for the day. The year has been well, though I find that I have merely performed the lower end of the indices this year.

So far, I am up a little over 25% for the year. An investment in the S&P would have outperformed me. It seems late for that to change now.

But I am content. I favor where I am at, and feel it will bring good blessings.