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In a period measured in hours, not days, the Dow has roared quadruple points higher and the /ES has tacked on nearly 200 points. The reason? Nothing to do with anything fundamental. It’s the same old “everyone is bearish” logic, coupled with the US dollar dropping in value after a long run-up.
When times are good, I lament that my virtual portfolio isn’t real. When times are bad – – or, like now, absolutely horrendous – – I am relieved it is just a bit of fiction. Here we see my “Balls to the Wall” loss of nearly half a trillion dollars. That is Bezos-level of cash!
There goes my shot at managing $600 billion fund with Blackrock.
Still, I find my third-of-a-trillion dollar wipeout to be a good sign.
Last time my virtual portfolio went through this midnight prison-raping ended on March 29th, with the main difference being THAT counter-trend rally (about which I whined endlessly) lasted two WEEKS, whereas this goddamned cursed soul-sucking monster has been going on for TWO GODDAMN MONTHS. Behold my loss of, yes, $400 BILLION dollars………..
