Hasn’t been much of a week, has it? I remain in a holding pattern, presently with almost 26% cash. I have 20 bearish stock positions (by way of long puts expiring no earlier than June) and a couple of ETF long put positions (SLV and QQQ). We are positioned BEAUTIFULLY right now, and I might load-in all the way Friday as the corrupt investment banks goose the market still higher for OPEX. I continue to embrace the lunatic idea that the next time 380 is challenged, we’re going to break it.
