Yesterday's action was… wonderful for those who were positioned short going into the market open …and who were smart enough to take profits.
I am dumb and I did not take over 20% profit on my options account (I have different account for everything – I just don't remember where they are)
Profits I did take saved my sanity when, after I got home after lunch, I saw now only retracement to reasonable levels, but briefly some shades of green on ($SPX)
As much as I wanted to say that the game is rigged, that all crooks deserve to go to jail, that GuberMint which is supported by only 20% of population they govern should get the hell out of the way, peacefully pretty please..no? Don't want to stop looting? Not until Stopped? OK… duly noted… So, as much as I wanted to do something which would be conveniently rationalized by human emotions – I did squawk, nada, zilch… I just sat there for a long time and tried to understand – what part of my brains temporary stopped functioning yesterday? Normally when I have HUGE on the spot profits – I take it and run (I played Blackjack in the past life and some casinos were not very happy to see me). Not yesterday….
AnyHOO – I did get back AT the market utilizing The Only Way I can afford to do that – picture is right above – you get the picture. (I kind of have small stinky bathroom – could not take that picture straight…or may be…just wanted to get out!)
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