<Money Eating Itself--where there is so much sloshing around that you end up with all these heretofore noncorrelated sectors--gold, financials, tech, REITs, cyclicals--all marching in lockstep, like soldiers across a bridge.>
Ultimately a gigantic short on everything will be the trade that works in spades. Until then, it may look like popcorn, with rotations, little blowups here, new bubbles popping up there. As of now I'm just feeling and groping my way along towards Gotterdammerung. Still short financials, tech, various tulip bulbs. My retail shorts like KSS, FD, LOW, COH, GTRC, AN are starting to work now. Long energy, butfinger on the trigger. Have several large PM holdings (WTZ and AGI) that I can't sell until January because of private placement restrictions, and tax holding periods (was a blessing in disguise, better to be lucky than good sometimes). |
