With the current downturn in the stock market, I am sitting here kicking myself because I finally gave up spending about $3000 a year on put spreads, teeny puts, straddles, strangles, condors, flies, and essentially every single option strategy I could employ to short the stock market without getting my face ripped off. I basically compulsively gambled every quarter that the next economic downturn was here until finally throwing in the towel in 2018. I had even used the excuse to keep throwing down that the bear market would arrive once I gave up, and now if I had continued in my degenerate ways I would be up size right now. It was easy to stop now, having had a wedding to pay for and and sitting on a decent crypto return for 2017 (long gone now.)
At 8 * 3000 = $24000 burned over 8 years of reading blogs like zero hedge which had me convinced that stocks would surely hit the shitter THIS year bc it’s rigged, Illuminati, China, etc., I definitely got my face ripped off using “safe” options strategies. Using very simple and lazy weighted price averaging I’ve just drunkenly done on the toilet have me concluding that I would have slightly more than doubled that $24k if I’d passively invested over that 8 years in an index fund.
Yea. I should probably just hang myself. But, what does that say about the current market? Well, we currently look to be near correction territory, back month Eurodollars are inverted, implying that the fed will be tightening down the road, Europe is hanging on by a thread, EM’s are cratering, and I have a savings account that actually pays INTEREST on the money in it! All of these things have me thinking a bear market is upon us, the only thing that will determine it in certainty is if I by or sell the stock market tomorrow once the $$ clears on my PA….
-pug the mush
PS: wrote this one last week. Bought put spreads, market has recovered half of its losses. You’re welcome to everyone’s 401k.
White Trash Day Dreams 