Back to Flat

The post-Bernanke splurge saw what in TMM's eyes was a flight of towels from some core bears in US equities. Yet European markets are not that punchy and the FTSE is below pre-Ben levels. With Month-end / Quarter-end / Year-end noise upon us, it's going to be hard to do anything short-term, so we will settle back, put our feet up and switch on the radio. Apologies to the late great Amy Winehouse for the lament of those stopped out of shorts yesterday with our "Back to Flat".



Ben left no time to regret
Kept his options set
With his same QE safe bet
Shares at another high
I just want to cry
Get on without that guy
He went back to what he knew
Losing me me money being short the Spoo
So I tread a troubled track
My odds are stacked
I'll go back to flat

I only bought back yesterday
I held off a hundred times
yet you come off the highs
just when I am back to.....

I go back to flat

I loved the short too much
That's not enough
You love growth and I ZH puff.
And though I hate to gripe
Well, I don't, IT'S JUST NOT RIGHT !

I only bought it yesterday
I held off a hundred times
yet you come off the highs
just when I am back to.....

I only closed it yesterday
I held off a hundred times
yet you come off the highs
just when I am back to.....

Flat, flat, flat, flat, flat, flat, flat,
I go back to
I go back to

I only bailed it yesterday
I held off a hundred times
yet you come off the highs
just when I am back to.....

I only panicked yesterday
I 've died a hundred times
Yet you come off the highs
As I go back to Flat