Can’t Stop, Won’t Stop

For a brief moment this morning we COLLAPSED. I had some hedges, so was fine. I had a large SQQQ position in place and then went out to do some things, only to come back and also ENTREATED to it being down severely. I closed it out because I don’t like losers.

Markets want higher, apparently. Who am I to bargain with it?

I have a full portfolio of good longs and I’ve supplemented them with some garbage stocks, which is risky because if markets pull in from here, my losses will be disproportional to the market. It would be a wise idea to be out of these trash stocks early, be happy with my +2.2% gains, and prep for tomorrow.

Do I hedge into balloon madness or go all in again?

I hate to do this to you, and it’s awfully rude on a day like today, but the 10yr rates are ripping again — now ENCROACHING on 3.8%. It’s actually 3.76%, but I felt like exaggerating for the sake of my world view.

Here I am 115% long, no hedges, STEAMING into the late afternoon bullish. All I wanted was for collapse and upheaval; but instead I have received a bull market.

Truly sad.