Anyone here who isn’t 100% short is dumber than even me. Why? Simple:
- My self-confidence is totally in tatters;
- I have sheepishly fled back to a 50%+ cash position;
- I have only 18 open positions;
- My account has been gang-raped over the past eight trading days
Thus, today was the PERFECT time to sell your children and put the proceeds into puts. I present as evidence what is happening at this very moment to these high-tech giants, none of which I have positions in (again, obviously)………….