No Crying in Wall Street

I really wanted the market to COLLAPSE today. Last night over Earl Grey martinis, I gave it deep contemplation and had visions of the fires to come and I could almost feel the warmth by them. I sat there in my study relishing the idea of spiraling markets and subsequent returns that I would enjoy, at the expense of almost everyone else — which would be an additional bonus.

Alas, markets opened this morning and it went higher and I was faced with a decision.

Do I cry and kick my feet in a tantrum, waiting for things to move in my direction — or do I close out my shorts and join the party? I of course did the latter, not because I wanted to, but because honor and professionalism mandated it.

At the moment the big story is gold and the way it’s spiking has me believing WAR LOOMS. But war seems to always loom, so I bought a bunch of other stuff too, reversed my losses, and now I am up for the day. I’m not up too much and there is work to be done. I also don’t want to get caught flat footed in a 20 fucking red candle move to the downside. Ergo, and this goes without saying, I will comport myself with extreme caution and keep both gains and losses tight in order to maintain returns.