What a superb day. We were all worked up about Powell, but Powell didn’t mean dick. It’s all about China again. And as delighted as I am that bulls are losing money, we must keep in mind that this is still a series of higher lows. We must break the prior low to get some real action going.
What’s key at this point is for the banks to fail. Personally, I am 170% short, with 55 positions, but obviously I wish I was even shorter than I already am.