My salute to Big Ben

[Nords]

I have a little sympathy for the shorts - but not much.

Hey, shorting has its place. But not now.

Our ER portfolio blew through a personal best yesterday with a 1.6% jump that I'd never expect to repeat... but today it's up another 1%. 6.8% YTD with the worst YTD of -2.3% last March.

Looks like one of those weeks when it's really really good to be in the market.

 

[brewer12345]

Hey, shorting has its place. But not now.

If you are stupid enough to short banks at book value, finance companies with no liquidity issues and an attractive business, and dry bulk shippers amid historically high day rates, you deserve what you get - good and hard.

 

[Nords]

If you are stupid enough to short banks at book value, finance companies with no liquidity issues and an attractive business, and dry bulk shippers amid historically high day rates, you deserve what you get - good and hard.

Right now I'm sure that at least 200-300 traders are spluttering "But... but... but... we made money doing that for the last two months!!"