I was having a genteel day up 200bps until I got the idea to dive back into the market. I went ahead into some REITs and was immediately entreated to 10% drawdowns in both. I sold one, held the other for what it sure to be a fantastic bogging in the morning. I only held out of hope, nothing rooted in actual logic.
In my YOLO I went long the Dow via UDOW — since it held up well during the session. The idea is we are OS — but buying the NASDAQ is fucking retarded. We are seeing 10% drawdowns on a regular basis. The Dow is by far the more preferrable vehicle if trying to catch an OS bounce.
I think I can, I think I can — gosh darn it — I know I can.
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