Barely... picture two families running through the city at rush hour, complete with kids and bags trying to make a train, hope dimming with each city block. Made the train, pulse rate now stabilizing.
I am 'all-in' on this market - no real cash to spare in the speculative account if you don't count the three shorter term US treasury funds, which I guess really are cash; cash that should do well if we get our long awaited deflation belch.
Long precious metals and short the S&P500 and Nasdaq 100. Long volatility. Figuratively speaking it pays to try to be long common sense and short stupidity.
BTW, I had the chance to visit a subscriber's shop while I was there and all I can say is that there is class on Wall Street - or at least a bunch of blocks north of there. One thing I learned from starting a market newsletter is that if you do the best you can and work hard, you just may be lucky enough to assemble a subscriber base filled with smart, experienced people who do not look to you for answers (they've already got 'em), but actually become part of your network. A true bonus.
Edit (4:00) It goes without saying that the shorts are again with limits. Heroes can die ignominious deaths in the face of mania.
