Glancing at the list on the right you’ll notice a red dividing line. One portion of this list is the profit/loss of my long positions. The other portion is my short positions. Take a wild guess which is which?

Umm, yeah, you were right. That long string of uninterrupted green numbers are the longs (this is not my “main” account, but my smaller account where I get more experimental). The long string of red numbers, with one exception, are the shorts. It’s a chilling sight (I would note the one profitable short position is one I suggested to my Slope+ readers last week).

The other aspect of this is that the longs are very “young”, only in place about a week, while the shorts have been in place for about a month. The obvious conclusion – duh – is that it’s much easier to make money on the long side these days. I don’t think anyone has been as disturbed as I am right now looking at these green values.

I noticed more than a few remarks, prompted by my willingness to buy, that “this must be the top” or “time to short everything now.” Well, har-de-freakin’-har. I suppose the implication is that I’m an uber-contrarian indicator, so if I’m buying, time to short. Well, not necessarily. It seems that my little experiment on the long side is working on pretty well so far. Time for a severe identity crisis!