Psychotic Tape: Moved to Cash

I gave it the olde college try, went fully long stocks and was in the rainbow themed parade with the rest of the transgendered bulls — but was disgusted by what I saw and left immediately.

I had only one small hedge, which was SHORT TREASURIES, because Pax Americana is over. Much to my chagrin, at the open of trade my PNL plunged to the tune of 0.75%, so I quickly bought a 20% weighted $SQQQ position and then shot all but one of my longs.

I’m now happy to report my losses are just 19bps for the session, which is a statement itself disgusting. It’s like saying “I only got mugged 3 times living in the big city and my wife and I really love all of the diverse and ethnic foods, really delicious — and oh my favorite food is Jamaican.”

INCORRECT.

I’m not happy at all with being down 19bps and will seek vengeance in short order.

But for now, I’m 95% cash.