Well, it’s the equivalent of 3 in the morning (PST) as I’m typing this, but the “Wake Up Early!” bird is shrieking outside, so I thought I’d put together a post with various thoughts kicking around my head. Here we go……
NASDAQ: In retrospect, I guess we could have guessed what was coming with Amazon (NASDAQ:AMZN), since the entire world was ruining its undergarments with all the excitement about Jeff Bezos being the world’s richest man. I know myself well enough to understand that when I’m feeling really down, that’s the time to take a risk — and Thursday morning, I was feeling REALLY down — so I did just the opposite of what my head told me and bought ProShares UltraShort QQQ (NYSE:QID) (the ultrashort NASDAQ). That’s working out all right so far, and we’ll see just how much of the absolutely idiotic liftoff in the NQ is unwound.
