Engage the stupids and profit off them. Hey I’ll admit I got burned some today, but then again I said I wasn’t greedy, so I sold off a lot of my shorts/puts yesterday.
My thought is to wait till this 1-2 week upswing has played out then load back up for the ride down. Each time being careful not to be too greedy.
Now there’s a sensible bear. One whose paws have been burned in the past (I can sympathize, FWIW.)
As a short idea (or maybe another paw-scorching idea,) I think the much beloved “big cap industrials” will soon see an earnings squeeze, thanks to the actions of the Fed in providing a nice tailwind to the current inferno in PPI prices. That’s probably an idea for next quarter’s earnings, though.
