The bulls' government-funded party is over.
As pleased as I am with the performance of my shorts (some of which are down more than 25% in the span of just a week or so), I continue to pop into very large bullish ETF positions to try to attenuate a push higher. I have had some success with DIG today. UWM – not so much.
I will yet again say: I would be absolutely thrilled with a push higher. 75% of my buying power is waiting in the wings. I am going to short the bejesus out of any lift in this market.
Again: the party is over. So the party has now begun.
