Saturday, August 22, 2015

Shucks, it ain't gonna work

So, what else is new?

I went short the markets a couple years too soon.  Instead of waiting until now, when it seems good, I pulled the trigger two years ago.  I'm deeply in the red on this position, but that seemed okay, because the potential payoffs seemed huge.

But when the fall did come, like off nearly 2k from the highs, this short position hasn't moved commensurate with that fall.

This may be just another way for the money changers to screw people.  This thing could fall below the price I bought it at, but I'd still be way, way in the red.  A ripoff.

This is a casino alright.  In a casino, the game is rigged in the house's favor.  You really can't win.  In the end, they get all your money if you keep playing.

If I'm very fortunate, I'm might get my money back.

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