I did warn you of this eventuality. We had a chance to kill western finance and the bears could not muster enough buying power to do it. Now we have to deal with un-ending bailouts followed by psychopathic applauds by the peanut gallery of circus personnel who frequent CNBC with their PERMANENT BULLISH discourse.
As instructed, I closed out my UVIX position at the open for a 4% gain and then I placed a 10% FAZ hedge and walked away. I am presently +1.33% — knifed down in $FAZ for a solid 7% — so I bought more. I will maintain a 10% FAZ position for the short term.
Overall, I am very bullish, as it pertains to my positioning. But in my heart and inside of my soul, I want to see a banking collapse.If you enjoy the content at iBankCoin, please follow us on Twitter