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.
Fuck that.
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.
Developing…
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are you going to stay long CMO?
Take MER with your, my son.
Wired House.
long cmo, yes.
DECK,short,again
When is MER a short?
Fly,
A case could be made for the market setting up for another leg down, or a bottom forming. It’s too early to tell right now.
Shorts are getting pinched. Next they will get squeezed. Bear balls in a vise. Crank it up.
Longhorn, you’re right, this time it will be different.
Of course, I’m kidding.
You guys buying into this oversold rally as THE bottom are going to have a tearful reality check coming.
This little bitch run up in the market has no legs and no volume.
It may not be the bottom but I say you gots to be playing both sides of the plate here for a little while.