The Russell 2000 is swooning lower by 1.8% and I was rather proud of myself at the open for having a pastiche of “aristocratic stocks”, not bedeviled by the pangs of the market misery. I am still sick and sleeping most of the time so I didn’t sell anything, thinking “I’d just have to buy them back later.”
This of course was FALSE thinking, since I had been +80bps and now I’m down 45bps. Nothing hurts more than missed opportunity. It’s always smarter to sell at the open, especially in hard tapes. Just yesterday I was profoundly bullish, boasting about my 100% long position. I might have COVID, so I am excused for such pronouncements.
All of the really cool stocks are being BLUDGEONED to death, with my high beta index down a staggering 3.3%. You little fuckers thought you’d make it with a dead President at the wheel. You thought wrong.
If you enjoy the content at iBankCoin, please follow us on Twitter
You’re a professional
https://giphy.com/gifs/laughing-laugh-ricky-gervais-CoDp6NnSmItoY