Markets are careening lower and the speed at which it’s happening is too alluring, which means no good. At the open, as I always do, I sold everything, including my TZA hedge and now sit in cash, +36bps for the session.
Any moderate momo oriented portfolio is down 3% now and getting worse by the minute.
However, the fastidious nature of this drop leads me to believe a counter rally is going to happen soon. But I’m not brave enough to play it. No not me. I prefer sure things and the comforts of cash, watching Rome burn.
I’ll play later on after the rally.
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Crash it! Let’s go Brandon.
Helen and Irma have rotten crotches
Okay. You’re making me laugh now you Tourette’s scribbling old reprobate. I guess you can’t help it.
Vix held +3 then +4 pushing +5
m o t h e r
F U C K E R
S