At Some Point, You Have to Sell

Consensus opinion for a reopening of the economy is looking like mid to late May. Many executives do not expect normalcy until mid June to July, with a possibility of ‘rolling quarantines.’ Today’s manufacturing and retail numbers were almost TWICE AS BAD as projected. We’re barely down 500 now and dip buyers have been out in force, nakedly smug and their arrogance burning to a brilliance — daring Mother Market to punish them with her unique cruelty.

I booked losses on a series of trades places yesterday and went net short today, not because I feel COLLAPSE is coming. I am merely testing the waters here, feeling out the possibility that the game will switch from long to short. There was never a reason to rally in the first place, so I am careful not to fall into the bearshitter mentality that demands satisfaction. You get what you deserve and most people deserve nothing.

Truth is, the pain trade probably shifted with yesterday’s grotesque exhibition of greed and celebration. As 90% of the country endures the pain of economic collapse, these fuckheads on Wall Street are jerking off to Fed bucks and bidding up Amazon to record highs. The optics are of course rancid and there’s nothing on this planet that can ever change that. But you cannot continue at this rate of return without reverting to the mean.

The strategy is to bet on a mean reversion, then fuck faces later.