The Unbearable Being of Lightness

Alright, let's get serious for a moment. Check that, let's "quote" --  not get serious for a moment. Let's instead pretend. That things that are bad are contained by wise sage-like men and women. That there is always an accounting technique that explains why things don't add up. That bull markets never behave badly.

Those of us who prefer listening to Beethoven's Last Quartets are being assaulted by Cindy Lauper melodies of the banal. While prancing optimists make money every other breath, plodding realists are forced to cover or hedge or both. It's maddening when dumb people make money at the expense of smart people.

But all the smart ones losing money lately have learned one thing that will be lost on the Pollyanna. How to  survive when the market goes against you. You see, realists are quite accustomed to a slow unwinding. Trivial optimists have no idea what it feels like to have things not play out according to their charts, and to the levels that have been foretold by a 10th century mathematician.

For now, bulls are right. Bears are wrong. Those who claim to be neither are either scalpers (which there's nothing wrong with that) or delusional. It's almost too much to withstand the preening of long-term agnostics.

My name is Milk and I am short this market

There aren't many of us left. We've lost many to attrition and a few to defection. Our group grows smaller with each passing day of higher highs and higher lows. We are short this market and the object of scorn and ridicule. We are being kicked around like degenerates addicted to pain. Not only have we suffered damage to our trading portfolios, but we have to deal with intervention attempts from those know better than us. They know this is a bull market and that means you should not be short. You should be long.