I told you before “I have no fucking idea what to expect.” For this reason, for the better part of 2010, I’ve been holding record amounts of cash, sometimes as much as 60%. While some of my peers claim to know what the fuck is transpiring, I am here to tell you I know how to control confusion better than anyone you have ever met. The market is a mess and no one is safe, long or short. So, in order to stay on the offensive, it’s important to think like a hunter and not prey.
I will have you know, as we speak, “The Fly” is dressed in camouflage garments, covered in mud, aiming his scope at your bullshit Zeeco accounts.
The breadth is too poor today to stay committed to a 3x ETF like TNA. So I sold it and bought TZA, without emotion. Additionally, I added to my VXX and sold X, due to distinct cracks in the surface of the Earth.
Going forward, I expect more of the same. Perhaps we will sell off tomorrow morning, then sprint higher. If so, I will be prepared with my empty bag, in order to collect all of the fucking money that will be tossed my way. My largest directional long bets are EWZ and FLS. It’s also worth mentioning, I have an appetite for TSO. I’ve been buying it all day long.
In summary, “The Fly” may not be making money today, but he’s having a “fuckload” of fun trying to rip the skin off your tits. Plus anyway, I am not done positioning myself for the coming circus. Be patient, and within a week, you will see “The Fly” kill it, in real time, as always.
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