Well. That was something.
After composing my lengthy reaction to the Trump-cannot-tariff ruling that shocked the world yesterday evening, I had a fitful sleep of a few hours, wondering just how devastating the losses would be at the opening bell.
Well, now that the opening bell has transpired, I can share with you the financial destruction I have suffered:
Indeed, over the course of the night, the entire market seems to have extended a gigantic middle finger to the court ruling, since for all practical purposes my small caps position was unchanged.
Even more exciting, the huge rise in crude oil (yeah, I know – WTF?) has been laid waste and instead morphed into red, my favorite color.
Coconut-ripping abilities notwithstanding, I am a mincing, light-in-the-loafers caricature, so I panicked yesterday evening and covered 60% of my DIA short, just to reduce risk. My other 20 positions were untouched, and 40% of the DIA was still in place, but still – – what a homo.
I cancelled ALL my stops prior to the open, so I need to re-establish everything now as well as look for new positions. I need to get that done.
Still, it’s VERY hard to enter positions in this insane market, since none of us know when the next tweet or court ruling will completely flip the tables and cause all this nonsense to happen.
Still…………let’s go get ’em.
