Sometimes, upon over caffeinating himself, “The Fly” makes overzealous financial decisions.
Thus far, I’ve sold a little VMW, which I bought 10 bucks lower. Also, I have initiated a TIF short position—into earnings.
Normally, I would never bet against “the rich man.” However, I feel like doing it now.
Looking at retail, it is a mess. Today, MW, BONT, ARO, SHLD, CTRN, PERY, PVH, amongst others, are receiving the “homo hammer of death.”
My point: although it’s fun to say ignorant things, like “fuck you, you’re dead,” or “kill the bears”— be careful.
While enjoying the relief rally, do not forget the pain of last week.
In short, it makes sense to build a 10% cash position, with another 10% in short positions, just in case.
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