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We all know the admonition to not catch a falling knife. I’m not sure what the converse of that is for bears, but whatever it is, I did it, because I shorted the most powerful stock in the market this morning: Dell.
I knew it was risky, because the entire planet was just asses and elbows trying to buy this thing, but it’s worked out nicely so far.
If you want a sense as to the overnight action, look no farther than the /RTY, which resembles a corpse since the close yesterday. Equity futures are overall either up a little or down a little, averaging out to essentially unchanged as we continue to levitate at record highs.
Just a cute picture for your evening viewing: my little girl is growing up:
