Another boondoggle of a day. We had such gay thoughts of upward surging markets, only to be rudely interrupted with a hard move to the downside. I will tell you this in complete confidence, I was never worried about myself, since I know myself very well you see and I knew that if markets COLLAPSED I’d protect myself. As it stands now, I am +35bps, not a whole lot — but also not nothing.
I am hedged a 100% long book with 20% in SQQQ and DRIP.
But it’s not all rot to start the New Years. Sure TSLA, MSFT and oil are down, but have a look at gold will ya — or maybe you should sneak a look over at what BIG ZUCK is doing these days.
Most up tera caps, YTD
Most down tera caps, YTD
Most up by industry, YTD
There are numerous areas of the market that are performing well. The BIG LOSERS are in the commodity space — aka last year’s winners. Naturally the very best place to put one’s money in 2023 is wherever I put mine. What is in store for 2023? Will markets CRASH into an ocean of fire or perhaps march higher into Ukrainian victory (SLAVA UKRAINE!) — as they advance quickly into Crimea and displace and kill all of the Russians there.
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Why can’t the Fed have their meetings, do the deed and the fuck off? We have to endure the ‘minutes’ and why? We have to endure the speeches and even just comments and why? It’s like its gone to their head. Do the job and fuck off.