I have to keep this short, for two reason.
1. I just got back from the pool and need to shower.
2. My kids have their friend from NJ here and I am being forced to see Barbie at 4:50pm.
I have been trading in and out of inverse ETFs to hedge against a long book and so far quite successfully. I am +5bps in an otherwise drab day. I was correct in assuming risk averse was back on the table. I am nearly fully invested now in low beta divvy payers and enjoying the carnage in tech.
My dream, naturally, is for this all to end. This perverted distortion of free market capitalism produced by people who hate me. I’d like very much to see them fail and in doing so make America rise again and become glorious. The interlopers, of course, will be upset by this and if being honest with you — I feel they’ll win because they have the resources and the means. Everyone else, you and me both, are chaff — cannon fodder to be used at their discretion.
There used to be benefits in this global order, when it was benign. But now it’s wholly malignant and I’m afraid the fractures on society are so great, due to the 4th turning, that the only way forward is through the fires.
In terms of professional money management, no one does it better than me. But I do hope you well and for your families to prosper into what can only be described as an acute cataclysm with profound consequences.Comments »