I sit here amazed at the fucktards who are calling a bottom in the market.
Get this, since 1970, after going lower in January, the market has averaged a loss of 11.5%. If we bottom here, it would represent the smallest decline EVER, in the month of January.
With gold rocketing higher, financials shitting the bed and the consumer in the septic tank, there is no reason, aside from a short squeeze, to go long stocks.
Use this rally to reduce your long exposure. Otherwise, before you know it, we are diving, hitting the lows again, and you’re over there crying like a little bitch.
Today, I will do nothing. My largest short position, via [[FXP]], is up. Therefore, there is no need for me to add to the position.
If anything, I may sell [[LEH]] short, again.
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