Greetings, yet again, from seven miles above the United States. I am making my way back to my beloved Palo Alto with a subset of my nuclear family, after a successful fencing venture.
Well, this is quite a strange feeling, being out of my shorts and bullishly positioned (albeit with a modest capital allocation).
- Instead of seething about Fed interference, I am rooting for it;
- Instead of cheering at the initial plunge in futures, I gasped at it;
- Instead of resenting the rapid recovery in prices (so far, at least), I am celebrating it (although modestly, as I trust this rally about as far as I could throw the airplane I’m in right now).