One Little Word

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My dogs are telling me that there are squirrels running loose in the neighborhood that must be pursued, so I’ll make this quick. All it took was one little word – “catastrophic” – from a Fed governor to send the markets into a bullish orgy today. It wasn’t a good day for me, but I thank my lucky stars I lightened way up on Tuesday…….



I “un-lightened” today, getting back to about 93% committed (but down from literally 170% early this week) entirely on the short side. One specific stock I’d suggest shorting with both fists is as follows:


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