Fly on WallStreet

Fuck, this is going to suck.

In case you haven't noticed, China fucked themselves last night, with its "exchange" losing 9% in one session. Now, as we speak, the European fuckers are getting poleaxed to the tune of 2% plus.

The way it looks now, I suspect we will lose more than 1.5%-- right away. And, maybe, if we are lucky, we can finally lose 2% in a single day--effectively shutting up all the assholes who have been clamoring for it.

Bottom line: If you are long the market, like me, you are completely screwed. The only thing left to do is take down some quick shorts or cut some losses--prior to the ax coming down on your neck.

If you are short: enjoy.

Here are some quick ways to hedge:

SMN: Double inverse Basic Materials
SZK: Double inverse Consumer Goods
SCC: Double inverse Consumer Services
SKF: Double inverse Financials
RXD: Double inverse Health Care
SIJ: Double inverse Industrials
DUG: Double inverse Oil & Gas
SRS: Double inverse Real Estate
SSG: Double inverse Semiconductors
REW: Double inverse Technology
SDP: Double inverse Utilities
QID: Double inverse NASDAQ