Kissing profits GOODBYE

On horrible days like today for those long….At least you don’t look like me :) .

No hiding the losses today for us trend followers. WHOOOOO MAMA.

Nothing funny about people losing money especially when it’s your own.

But Let’s face it, Chinese IPO’s a dime a dozen, and Brazil and Mexico ETF’s behaving like internet stocks. It was when, not if.

Now comes the fun part…listening to all the Bears being limousinesd over to New Jersey for their 15 minutes of fame again. Guaranteed that David Tice is on the air in the next 24 hours.

For those short – cool. You rock. Nice call.

Here is the key things I see:

VIX up 58 percent. HOLY FUKC. That just sets up opportunities for making money in the market. Good traders WANT THIS. I will actually look at trading ideas with this kind of volatility spike.

China ETF – DONE. Well done. I expect Wonton Soup prices to soar!

Russia – McDone.

Brazil – Good soccer.

Mexico – No idea. Great beaches.

Housing Stocks – another nail in their coffin and people will shake their heads at trhe GREAT VALUE as rates continue to fall throughout the year. We need to be raising rates here but CAN’T.