The Blood Keeps Flowing Today

Into the bell and practically without exception, positions are getting hammered in a mass rush for dollar exposure.

My REITs are being brutalized, down 3% and 5%, and my only up positions for the day are CCJ (go figure) and my short of ERX.

However, it is important to remember that the selling is too widespread. Seeing the market hemorrhage like this can cause you to challenge your perceptions of the market and reality. However, many, if not most, of these sell offs are head fakes and false positives, created by the need of groups to readjust exposure at any cost.

I am not worried about any of my positions, from a stand point of their business dealings and prospects. In fact, it’s quite the opposite. So it’s important not to panic and start creating problems for myself.

I intend to make money on every future transaction in my current allotment. I will cover my hedge for a gain, and sell my positions for the same. You will all witness as oil trades to $60, and the basic necessities comprising the rest of my investments – water, food, and shelter – recover to be priced at new highs.

Into the close, I am indifferently positioned while comfortably seated in my high-back chair.