Moody’s: “Ratings desk, can I help you?”
Caller: “Yeah, he’s out.”
Moody’s: “Who’s out?”
Caller: “Knight. He’s dumped his IWM puts and has lightened way up.”
Moody’s: “Got it. Thanks. We’ll take it from here.”
Bitching aside……
- I have no longs
- I have 21 shorts
- I have 86% of my cash committed to bearish positions
I mean, obviously I wish I was even shorter, but how in the hell, after four weeks of being punched directly in the nutsack, would anyone have anticipated this?
One thing is for sure. Trump is going to whine, bellyache, and screech that ratings agencies even EXIST. That’s a sure bet.
