Today was a nice uneventful day. I put a lot of money to work. Bought a few breakouts and initiated some modestly-sized shorts in financials. I remain net long but I'm really pretty balanced. Despite my success when the market has recently been crushed I prefer to see a more balanced market where one can play both sides.
Bulls remain in control, for now. Outright delusion is widespread amongst market participants. Seems unlikely to last very long. At some point soon the financials will lead us lower again. Also sniffing for short side opportunities in commercial real estate as those stocks have seen big runs based on the fairy tale that everything is going to be just fine. I continue to believe otherwise.
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