Small Caps, Once Again, Weigh Market Down

I really want to be long head into National Festival Day. I can see me now, the hero, saving western finance from the pangs of resolution — lifting the indices to new RECOURD HIGHS — having called it and having made all of the money from it. But today’s tape is attempting to change my mind, as the small caps once again sink into hell, off by 0.8%.

The rest of the market is up and rates are down — but this isn’t a “good tape” and if you’re heavily long you ought to take a break and look into the mirror — really gaze into it — and ask yourselves “is this what I’ve become?”

I have hedges now, short the fucking scientists and short the small caps. I didn’t want to do it, but my hands were tied. I really had no choice in the matter.

I think I’ll get some coffee now, perhaps eat a bit. I haven’t eaten all day because I’m not a fat and don’t awaken with the intend to eat right away like a slob. I might not eat until 5pm. Sometimes I can go a bit further.

I am down 5bps today, perfectly balanced amidst longs and shorts — demonstrated unparalleled wisdom, grace and discipline.