Extremely Cautious With Rates Up Here

I’d like to be a brainless FOOL just like you — long and having fun — stuffing my fat fucking face with bars of chocolates. But with rates up here and talk of Bill Ackman crashing the US Treasury leaving no survivors, I closed with a NET SHORT BOOK filled with LABD and UVIX.

My deepest hope is for COLLAPSE — maybe 1-2,000 NASDAQ points lower; but I will settle for 300.

We have been in a very magnanimous tape and we’ve quite enjoyed the Grandeur of Pre- World War 3 heroism — but all things turn to dust and with the ashes of that dust you will choke and die.

Earnings in the AHs might delay my position of doom and if so I will be quick to give up on it.

CIAO.