As a person who is constitutional incapable of actually enjoying a moment, I’m already dreading when this amazing, exciting, fantastic market is going to shift back to its old annoying ways. Trust me, this is the kind of market I LIVE for, and since I’m having an absolute ball with it, a voice in the back of my head is warning me that some dillweed is going to spoil the party somehow or another. It always happens.
Look, all I ask for at this point is that things keep falling to pieces until at least Monday’s open. The reason is that – -and this is TOTALLY uncharacteristic of me – – I bought a ton of $575 SPY puts that expire on Monday. Again, I never do this kind of thing, but as of this moment I’m looking at a 300% profit on them, and I’ll be pissed beyond measure if I wake up and find out that, I dunno, Trump has TACO’d out somehow and stopped the bleeding. As I stand here now, however, the market is falling to pieces, and crucial support has been broken.
