How About a Late Day Sell Off? Dow Reverses 150 Point Gain, NASDAQ Negative

All of the people on Twitter were circle jerking around their quotrons this morning, as the Dow ran higher by 150 and the NASDAQ by 40 plus some odd points. Lo and behold, all of that has left us now and there is nothing but a whisper remaining of the good times of 10 am.

As reported in Exodus this morning, in real time, I closed out my SPY position at the open for $205.21–for a 1.5% gain. Although small and insignificant in isolation, these gains will add up over time. At the present, I am 50% cash, the rest in XLE short and TLT long.

I make no predictions for the last 40 minutes of trade. I merely point out the instability and incessant marauding taking place by the pirates who operate freely on Wall Street. Perhaps you too will come to the same conclusion that I did, late in 2015, and pursue a much more structured and algorithmic approach to the markets. Gone are the days of artistic selection and hunches and tips and chart breakouts.

What we have left is a boulevard filled with misdirection and purposeful tomfoolery, designed to extract dollars and cents out of your accounts into ‘theirs.’ I realize this sounds nuts, very populistic, and bombastic in nature–but it’s true.

My goals, henceforth, is to demonstrate an ability to create value through a low-beta, sandwich eating lifestyle.

Year to date, I am up 3.7%, while sashaying (no homo), room to room, watching everyone else denigrate themselves–attempting to make market calls.