Good morning, beloved Slopers.
I remain short the market (surprise!) with a eye-watering 71 positions, none of them large. These constitute a 58.21% commitment, with the rest of my portfolio in cash. If we can chip away some market strength today, I'm happy to goose things up to about two-thirds committed with maybe a large ETF or two.
I was just glancing at the VIX, and it struck me how the Fed's suppression of market realities might have its days numbered. Checking SocialTrade last night, I noticed this really cool chart illustrating that the amount of the Fed's market fakery is measurable – – 220 S&P points (or over 2,000 points on the Dow).
It's impossible to tell when the turn will take place, but if the past few years are any guide, an explosive move higher in the VIX (indicating a plunge in equity prices simultaneously) doesn't seem far off.
Oh, one final note - When I read that the police force of Camden, NJ was being disbanded, I was reminded of this review of Days of Destruction, Days of Revolt I wrote this summer. Things are unraveling faster than I anticipated.
