The one constant through all these years…

Terence Mann: Ray, people will come Ray. They’ll come to Iowa for reasons they can’t even fathom. They’ll turn up your driveway not knowing for sure why they’re doing it. They’ll arrive at your door as innocent as children, longing for the past. Of course, we won’t mind if you look around, you’ll say. It’s only $20 per person. They’ll pass over the money without even thinking about it: for it is money they have and peace they lack. And they’ll walk out to the bleachers; sit in shirtsleeves on a perfect afternoon. They’ll find they have reserved seats somewhere along one of the baselines, where they sat when they were children and cheered their heroes. And they’ll watch the game and it’ll be as if they dipped themselves in magic waters. The memories will be so thick they’ll have to brush them away from their faces. People will come Ray. The one constant through all the years, Ray, has been baseball. America has rolled by like an army of steamrollers. It has been erased like a blackboard, rebuilt and erased again. But baseball has marked the time. This field, this game: it’s a part of our past, Ray. It reminds of us of all that once was good and it could be again. Oh… people will come Ray. People will most definitely come. — Field of Dreams (1989)

It’s painful and it’s ugly out there. I have profits today in three positions — our three shorts. Everything else is also down on the day and that means we’ve got an ugly P&L for the day because we weren’t short enough coming into today’s Wall Street massacre.  I don’t like to rush in on a 3% down day like this, especially given the recent volatility, which can feed onto itself.  I am stepping up and buying some some Corning for the first time in many months.  I’m buying a little bit of common stock and also some Corning call options.  I’m using expirations out into early next year and I’m using strike prices from $11 on up.  Again, no rush, but again, we’ll swing at the pitches when the come and I think Corning’s finally throwing us a viably buy-able pitch here.  Swing easy and don’t go for the fences.

People will come scene from Field of Dreams