The ugly, the ugly, the ugly and the ugly…
Yesterday I wrote a piece on here called “The good, the bad, the ugly and otherwise…”
Today that piece would be called “The ugly, the ugly, the ugly and the ugly…”
Because it is U-G-L-Y-you-ain’t-got-no-alibi ugly out there today. We were luckily raising big cash last week when the markets were near their highs…”luckily” indeed — look at the action in the Nasdaq over the last two weeks:
The fact that we raised cash higher gives us the opportunity to deploy that cash lower. But not yet. I’m going to let this market either settle itself down a little bit or really make a big 2-3% down day move before I do my next batch of trades.