I had a feeling Mother Market would take a few wild swings at me. However, I didn’t think she would break my jaw so quickly. Across the board, the market is breaking down, led by asshole commodity names. For those of you who are addled by poor reading comprehension skills: I sold out of [[ERX]] weeks ago, in the high 30’s.
But, that doesn’t matter.
I have lots of stuff boxing me into a corner, sort of like a rabid pitbull snapping away at me, or better yet, a shark on a leash. My bullish dreams of free goats and lucky leprechauns, running through green meadows, without a worry in the world, have been interrupted by way of exploding coal silos.
I have very little choice now, but to hedge for Dear God and pray for an outcome that does not include the destruction of “The Fly” and melt down of Senor Tropicana, who is sipping on pina coladas at some non-descript beach right now.
With my money, I will sell another 10% of my longs, and get short to the tune of approximately 10%, leaving an additional 13% in cash. I will use the cash to average into my new shorts, if need be. Instead of cherry picking individual short ideas, I will use bastard inverse ETF’s, initially, then mosey on over to specific ideas.
Developing…
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