If you are short and I know someone commented about it already. Today might be our day. I’m still short with index funds and taking a small beating. Its like I’m passed out at a party and someone is taking a leak on me. Sorta like that. It won’t kill me, but it stinks.

As I write, the R2K is dropping nicely!

<sarcasm alert>Nobody thought this</sarcasm alert>

“We are seeing housing affecting consumers,” said Michael Strauss, chief economic for Commonfund, an asset manager serving not-for-profit clients. “We’re seeing a major drag on discretionary spending.”

Based on this shocking news, we might just see enough selling where Profit Taking Friday takes over and gets me and Phil some money back.

R2K down -.78% Double it up for me and Phil!

Thanks for reading

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