As you probably know, I am for the first time in human history completely out of any short positions and am only in longs. I entered the day with two ETFs – IWM and XLI – and now I've got five. It's actually kind of refreshing knowing that the Powers That Be aren't doing everything that can to nuke me. In other words, it feels good, for the moment, to be a bull. I remain terribly, terribly light – 16% committed – and my blood pressure is uber-low.
One stock I've pointed out many times as absurdly overvalued has been Fossil. As with stuff like Green Mountain Coffee Roasters, I just didn't "get" how a stock could go up almost every single day. Well, all good things must come to an end, and FOSL has gotten completely curb-stomped, losing nearly half its value within days. Even though I have no position in it, I can't help but grin.
