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It seems to me people are being unbelievably optimistic (to the point of naivete) about what things are going to be like as they “re-open.” It isn’t going to be like it was before. Not even close.
As an example from just one sector, just take a look at these highlights from the restrictions related to eating establishments:
(more…)Preface to all three parts: This is going to be a quiet weekend, so I am sharing my 45 short positions in three equal parts. I have made a point of showing the entire graph, so you get the “big picture” view (click any chart to enter gallery mode for huge charts). I must say, as nettlesome as the market has been, these are all really beautiful setups.
Let us begin with some dialog from Star Trek’s “Court Martial” episode:
SPOCK: But the computer is inaccurate, nevertheless.
SHAW: Why do you say that?
SPOCK: It reports that the jettison button was pressed before the Red Alert.
SHAW: In other words, it reports that Captain Kirk was reacting to an extreme emergency that did not then exist.
SPOCK: And that is impossible.
SHAW: Is it? Were you watching him the exact moment he pressed the jettison button?
SPOCK: No, I was occupied. The ship was already on Yellow Alert.
SHAW: Then how can you dispute the finding of the log?
SPOCK: I do not dispute it. I merely state that it is wrong.
SHAW: Oh? On what do you base that statement?
SPOCK: I know the Captain. He is incapable…….
SHAW: Please instruct the witness not to speculate.
SPOCK: Lieutenant, I am half Vulcanian. Vulcanians do not speculate. I speak from pure logic. If I let go of a hammer on a planet that has a positive gravity, I need not see it fall to know that it has in fact fallen.
SHAW: I do not see what that has to
SPOCK: Gentlemen, human beings have characteristics just as inanimate objects do. It is impossible for Captain Kirk to act out of panic or malice. It is not his nature.
Preface to all three parts: This is going to be a quiet weekend, so I am sharing my 45 short positions in three equal parts. I have made a point of showing the entire graph, so you get the “big picture” view (click any chart to enter gallery mode for huge charts). I must say, as nettlesome as the market has been, these are all really beautiful setups.
