Let me start by saying that being six feet tall doesn’t make a human being a man. There are six-foot tall children running around all over the Earth, and there are three-foot tall old souls out there as well. Don’t confuse the number of years that have passed you by as being the hallmark of sound thought or maturity. Some old people die as children.
I will go on to say that there’s something to understand about my life: in the end, I wind up on top. It may take time; it may be a circuitous, frustrating road; but, as Bob Dylan once sang on Idiot Wind, “You didn’t know it, you didn’t think it could be done, in the final end he won the wars. After losin’ every battle.” And you want to know the best part? That drives my detractors out of their minds. I am the voice of reason in a world gone mad. And I remember everything.
It was, as I alluded to earlier, a good day for me. The wretched anti-Christ Yellen did her usual bit in propping up the markets, as expected. She is going to try it again tomorrow. But just as that snow-white hair and those bright white pearls conceal the inevitable corporeal decay beneath that wrinkled, faintly hirsute skin of hers, the big green positive numbers shown on the Six O’Clock News in Des Moines, Sioux City, Davenport, and Cleveland also conceal the rot that is taking place in the market. Yellen will fail in the end, and she will suckle that failure on her sagging, emaciated bosom like a serpent.
A superb example of rot is Whole Foods, on which I was short and had puts. Take note of the volume and the collapse:
This is happening to other stocks, of course. In some cases, like Twitter, I think it might (might) have a relief rally, which frankly, will just make it juicy for shorting all over again. It is down 60% from its late December high. Ha. Ha.
My beloved Slope+ members have heard me touting LinkedIn all the way down (and, I hope, have profited handsomely from those ideas). As with TWTR, I think LNKD may be close to “done” for now, although it might ultimately close that gap in the upper 120s. But I think it’s pretty much screwed the pooch at this point.
Here are a handful of short positions I still have (and I’ve got a bunch; I’m in triple digits now):
I’m going to share more of these in a new Slope+ post. My point, though, is that even on a day when the Dow rockets triple digits, your favorite permabear can still prosper. Good night.
Private Santiago is dead, and that is a tragedy. But he is dead because he had no code. He is dead because he had no honor, and God was watching.
