There seem to be some consistent realities in the market recently:
- If there’s good news (even made-up) about Iran, the market blasts higher;
- If there’s bad news about Iran, the market slips a tiny bit initially and then recovers all the same;
- Semiconductors lurch higher every day;
- I remain 100% short, no matter what slings and arrows are hurled at me;
- My portfolio creeps higher
That last bit is both strange and encouraging. I well recognize all other Slopers have given up (under the guise of “ya gotta play both sides”, but they’re only on the bull side), but not me.
I’m not playing along, and the freakish ability of my portfolio to get a little stronger each day is both heartening and weird. Want to buy Micron? I won’t get in your way.
Speaking of which, I realize how deep recency bias plays, but come on, you have to be insane. Just look at MU, including today’s rather exhausted price bar.
It is quite annoying how, irrespective of facts, indicators, news, and reality, the market just says bite me and moves higher. Here, for instance, is the /YM which plunged nicely with the “war is so back on” news and then, for no particular reason, shrugged its shoulders and pushed higher. EVERY equity futures market is green as I am typing these words.
I am engaged in an act of quote Darwinism. I pick the best-looking shorts, put them out there, if and they drop their trousers and make obscene gestures to the bulls, God bless ’em. Otherwise, they are dead and out of there. I prefer defiance to alliance. At this moment, my larger portfolio is making the most deliciously obscene utterances to the bulls of the planet. They can collectively nibble my nads.
Think I’m insane for “missing out“? Think I’m an idiot? This household is positioned beautifully to be drowned in success with the final throes of this stupid bull market. SpaceX is just one example.
So, yeah, I am in fact playing both sides. It’s just that I’m a passive bull and a really, really active – – and pissed-off – -bear.
