Following back to back fuckery, after a multitude of asshatishness, I find myself with equally balanced shorts to longs and no cash.
Basically, the way I am currently constructed, I need commercial RE to get smashed with some tornadoes, energy stocks to get “machine gunned,” while Chinese stocks walk away with a big shiny trophy.
In addition, also, I need select metal stocks to buck the trend. Knowing that this is nearly impossible, I have reduced myself to a gawking spectator, unable to make or lose money in the market, unless something odd happens.
Terrific.
Just prior to this post, I nibbled on a little TZA, just south of $54.60, mainly because I want to increase my bearish stance, ahead of tomorrow’s data. But, in the big scheme of things, it’s like I just added a single mushroom to a big pot of shit soup.
It will have little effect, if any.
So, my only recourse is to pick a side. On one hand, “Barack the Builder” and his tax evading Treasury Chief will work diligently to put condoms in the hands of underage kids, and also try to create a few jobs.
On the other, WE ARE IN A FUCKING DELAFATIONARY VORTEX, EQUAL TO SOME SORT OF FUCKED UP BLACK HOLE IN SOME SORT OF FAR AWAY GALAXY THAT JUST SWALLOWED 10 PLANETS AND 50 MOONS.
What was I thinking, going long with my cash?
Bottom line: I still have year to date gains of about 6%, with very little existing market risk. God willing, I will time the next inflection point perfectly and springboard to double digit gains, yet again.
An XOM miss tomorrow can certainly help my cause. Indeed.
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