Short IWM... among other things

[Jord20]

I can't wait for either A) Europe to screw this thing up and delay the plans because I can't agree on anything or B) Do some huge bullshit papered over bailout that will ease concerns in the meantime but eventually devalue and bankrupt the ordinary citizens and savers.

Either way... I keep looking for opportunities to get short IWM (via options). Eventually I will be short ULE, but not yet. I am also short SLV for the short term, but am a bull for GLD long term.

 

[Jord20]

OK, I am big time short IWM here. I have been in the whole time, took some heat, but I loaded back up on this morning's mini-rally.

SPY over 1200 is a joke in my opinion. Papering over this stuff is the only way out and that is a recipe for disaster. We are in too deep. This will either get ugly soon, or REAL ugly a little bit (6 months, 6years? :facepalm: ) down the road.

Hopefully we have a stock market meltdown that brings commodities with it. At that time, I will load up on commodities as nations worldwide debase their currencies and steal from the productive private economy via the printing press.