It was a week from rural Romania for “The Fly,” as the biggest bull run in 5 years decapitated much of his year to date gains— and humbled him into eating Lucky Charms cereal.
Looking back, it is true my erroneous bragging upset Mother Market, causing her to punch my face in with brass knuckles.
Nonetheless, I have made my peace with the dumb bitch and will start banking coin, shortly.
During the day, I did many things, which I neglected to report in my idiotic “Fly buy, Fly Sell” posts.
For one, I sold some [[SMN]]. Those evil bastards NEVER go up. It’s a blend of pure death for short sellers. If ag goes up, it goes down. If ag goes down, the gold part of the component buoys shares.
Under no circumstance can SMN trade up. I hate the people who concocted that ETF, with great vigor.
Also, I blew out of most of my gold position, via [[GLD]] and [[DGP]].
With the proceeds, I took advantage to re-weight back into short banks and brokers, via [[SKF]]. And, I bought more [[SRS]]. At the moment, my only b/d short is [[MS]].
Finally, I added to my [[FXP]] position. It’s a funny thing with that asshole ETF. The country in which the components are domiciled (China) is being obliterated with egregious stock market losses, yet here in the states—they are robust.
It’s not like speculators are getting poleaxed in China— big money is. Look at the banks. They are all down 40-50% year to date. In my book, the weakness in China means something.
All of our companies point to rampant consumerism in China— for our bullshit products. If everything is so great, then why is the Shanghai exchange down nearly 50% over the last 6 months?
Off to eat a hotdog.Comments »