Preface for each of these parts: Some recent success with short sales, even in the face of lifetime index highs on a virtually daily basis, have emboldened me during this long weekend to offer up my entire collection of existing short positions. As always, Slope Plus subscribers get exclusive access to half of these posts, and the rest are available to everyone. Enjoy the long weekend, and I hope some of these charts appeal to your desire to sell ’em short:
So……..any tweets from the President about the stock market this morning?
Hello from Flatland. I’m traveling all day today, so you’re not going to get the usual torrent of content. I will say that I’m pleased to see – – could it be – – a second day of weakness in equities. I hope D.C. rides to the rescue. Won’t someone think of the children?
I’ve got 50 short positions, some of which I’ve been augmenting quite a lot lately (particularly in energy), and I remain long SDS and ERY in my “etf-only” account.
Greetings from – where else? – the Las Vegas Centurion Lounge, where I’m enjoying butternut squash soup, pecan rice, and Brussels sprouts. One of my beloved children just declared to me, without prompting, “I don’t like it here (that is, Las Vegas). It goes against everything I stand for.” So……..no paternity test needed.
Anyway. Back on February 1st, I did a post called A Fool and His Money, which was a fairly epic post, partly about a chap who called himself “Yolowolf” who ostensibly lost a $2.5 million inheritance with really horrible “trading.” If you haven’t read the post, please do, as it’s quite good.
This was Kinison’s first appearance on Letterman. Of course, since he was actually brilliant, God took him from us, just like Carlin and Pryor. We’re left with Amy Schumer.