I have 37 positions, and all of them are crazy-profitable. I just said out loud to myself, “Get rid of some of these, at least three…….” and I went through all 37. I’m sorry. There isn’t a single one that doesn’t look like a “hold”. So I remain 100% invested and shorter than short can be. I will simply say that, yes, as the arrows show, there have been bounces during the unraveling of the idiotic two-month rally, but they’ve been increasingly short-lived. The next crucial thing to break is that trendline point I’ve circled. Break that, and “turgid” becomes “pleasingly painful.”
