Somebody's gotta do it. So I am once again short China via FXP and real estate via SRS. This goes with VIX calls that I have been slowly adding.
Now, the market owes me nothing and I have a strong mindset resulting from what has been a great year since going all in with the gold miners last October/November. I dumped some short funds last week for 6-8% losses. Big deal, I am still participating (and even bought three gold and uranium exploration stocks today with good looking charts and took another nice profit on old friend FTEK) and really enjoying the circus atmosphere as the public buys stocks now that it thinks it is safe to do so.
I have no clue if the short funds will pay off this time or will need to be sold once again in ignominy. But I tell you I am going to keep shorting this mess at appropriate times as long as its risk vs. reward sucks. Which it does.
