I just covered my trading short rental IWM ($IWM) short at $301.62 for a quick profit from yesterday.
From Monday:
Yeah, I’m a Rabid Anti Broadite
“Those people can be so touchy… “
– Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube
I am back shorting the Russell Index (IWM) at $304.13.
Yada Yada Yada.
Position: Short IWM (S)
BY Doug Kass · Aug 17, 2026, 1:00 PM EDT
Positions: None.
“Those people can be so touchy… “
– Seinfeld, The Anti Dentite The Best of Kramer – The Anti Dentite – YouTube
I am back shorting the Russell Index ($IWM) at $304.13.
Yada Yada Yada.
Position: Short IWM (S)
Weak retail sales gapped the market up but it rolled over anyway.
Too many people were positioned for a pullback that has not come.
Rates have gone straight up since the last cool inflation report.
The senior indices sold off while the Russell 2000 gained and breadth stayed positive.
The speculative action is cooling but individual names keep working.
Poor positioning and FOMO are driving this more than lower oil and rates.
Earnings growth better than 50%, a forward multiple around 12 and an analyst target roughly a third higher.
