What the hell? What’s all the excitement about?Â Since the close on October 27th, the S&P 500 has moved up 15.5%, in 6 days. You people who are hanging around here, buying everything up at these levels, with money burning a hole in your pockets, are making me angry. Get over yourselves. I’m trying to be scientific, ovah heah, and you people are just buying upÂ anything that is not bankrupt,Â which isÂ causing some dislocation in my tea leaves.
Don’t get me wrong, I thoroughly enjoyed the first 12% of the move up, when I was long.Â However, the last 3% has started to vex me.
Lucky for me, my initialÂ purchases in the diETFs were position-sized with a worst-case scenario in mind. This scenario is thatÂ the indexes take a trip all the way to the 50 day average, without zigging and zagging.
Tomorrow I will get some [[QID]] ,Â and more [[TWM]] and [[MZZ]] . I’m still long [[SMN]] , but will not add to it.
One thing I feel certain of is that this is no time to let yourselfÂ become complacent.