Weren't all you good people – – including some of the most respected voices here – – talking about 1390 on the ES in no time flat?
Not so much.
God has forgiven me for my failure to perform yesterday and gave me the good sense to throw my remaining longs under the bus early this morning, since that's where cancerous tumors belong. Being long this market is being party to fraud. I refuse to be part of the charade, and I was punished yesterday for even dipping my toe in the water. Stupid is as stupid does.
I am a bear. I am punished if I buy in the face of the the obvious lies around us.
I will be doing a post this afternoon about my character failure that led me to such an error.
In the meantime, I have a longstanding obsession with Gilbert & Sullivan light opera (I performed once in the The Mikado, believe it or not). I discovered an amazing voice yesterday – that of David Gould – who plays Captain Corcoran in the video below. Play it and be humbled. What a talent! In the meantime, I'll be busy trading and seeking absolution for my sins.
