What a gyp.
The world was supposed to be falling apart by now. Collapsed peace talks. Surprise blockade. Turmoil from all sides. And yet the entire goddamned market is UP now. The drop has been completely undone.
To my credit, distrustful of this market as I am, early on:
- I dumped my entire position of Friday SPY puts immediately
- I took profits on my ONLY two large positions, EEM and EFA shorts
- I didn’t enter anything new
I am thus sporting a very modest profit for the day. Still, it sucks, because the SPY is mashed precisely against resistance and is being annoyingly stubborn. It’s truly vexing, and what was supposed to be an electric day is setting itself up to be a total bore.
The only slightly good thing I can say is that gold is behaving itself. It remains down over fifty dollars, or more than a percent, and it did a beautiful job blasting toward its gap and then reversing.
Thus my GLD puts are up nicely as is my DUST position, shown below.
Anyway, I thought today was going to be amazing, but I suspect we’re all just going to wind up sitting around and watching M*A*S*H reruns with the only audible laughter being from the soundtrack.
