With natural gas stock Goodrich Petroleum (GDP) up 16% I am going to let some go here at $51 for a loss. So oil is up $3 and these stocks now rule; whereas yesterday's favorites the airlines are demolished. More day to day lunacy.

I am cutting it back from 1.6% of fund to 0.8%.

Normally I'd say something about fundamentals or technicals but none of it matters anymore. If crude goes up this stock goes up. If not, it goes down. It's as simple as that. So if someone could flip a coin and tell me what oil will do tomorrow I'll have a good idea if this will be a bad sell or a good one. Since my crystal ball is broken - I'm cutting some exposure back.

I do like the action (perking up) in coal and fertilizer but those are all just one big oil trade nowadays. If oil is up tomorrow - they can go up. If oil is down they will get trashed. That's all the market is now. Fun.

Even infrastructure stocks are now proxies for oil - today they ramp, after being trashed for weeks. When oil is up $3 construction programs live. When oil is down $3 construction programs die. This market would be very simple if someone could tell me what oil will do every morning at 9 AM by the time it closes.

Long Goodrich Petroleum in fund; no personal position