4 Well, here we go again.
Stock up on dry goods, batten down the hatches, long guns and ammo. I find it comical and eerie, that for a third straight year the stock exchange is staring into the abyss, leading people far more intelligent than I to predict a future wrought with shards of metal and destruction.
How many times can we leisurely stroll down this path before we trip the booby trap and a 6 foot blade cleans the head from our torso?
Whatever the Powers That Be have been doing to try and ‘solve’ this problem is clearly not working, else why do we keep revisiting this scenario?
A frightening and telling subplot is the general malaise setting in amongst the youth of our society.
What do they have to look forward to?
What hope is there for them?
Hell, people who sacrificed to further their education during/after 2008 are having a very difficult time finding work right now. The incentive of a more rewarding job/career through continued education is no longer a reliable means to achieve success. Conservatively, I would say that this philosophy applies to less than half of our society. What about the common asshole who can’t even manage to finish fucking high school?
Sadly, I think Fly is 100% correct. Sooner or later we will be faced with a war that will determine our fate to a far far greater degree than Korea, Vietnam, Gulf War I & II and Afghanistan. Whether that will be a result of insurrection or against a foreign nation is up for debate. Nevertheless, a generation will be sacrificed for this war, as history repeats itself yet again. What the world will look like afterward is anyone’s guess…but I have read enough Wells, Orwell and Huxley to know that I’m none too excited for that prospect.
Who the hell knows what is happening in the stock market right now?
Today was comical. I am packing on the calories the past two trading sessions as I have delved into two loaves of bread with all of the fucking sandwiches I have had to eat.
Pffffffft, I didn’t even log into the brokerage account today. What is the point?
Great, I’m aware that my remaining $DIA calls are about to have their teeth embedded into the curb.
I sold out of half of my remaining $EXTR position on Friday, which I mentioned on Twitter. What remains is circling the drain, but what the hell is the point of selling now? My position is small, and we are due for even a 1-2 day dead cat bounce here. Fuck me.
$THLD is holding up pretty damn well.
I’m getting close to adding to $MO here. This is my only old man stock with a cost basis of 26.36 (not including dividends), and it constitutes about 13% of my assets (and growing by the day as my account balance continues to slowly dwindle), so I am in a position to add a bit here.
$CREE still looks relatively decent.
As does $LIZ.
I’m going to get rid of my $COF calls tomorrow…as I was waiting for a close below 53.
Once again I’m looking at silver and thinking: “this is overdone, there is going to be a rally that melts faces…the likes of which one has never quite seen before.” The problem with this trade is that it will likely require one to get into a position before the rally starts in earnest. I think it will be fast and crazy, and will get overextended VERY quickly. Thus, if you miss the initial thrust upward, the risk/reward changes significantly.
I hate trying to get long when a stock/ETF is continually piercing the lower Bollinger Band. Just look at $SLV. That shit is fucked, and after being burned once, I have little faith in trying to catch that knife again. By any measure, it is oversold to an extreme level. The selling has been relentless, but somewhat “orderly”…if that is even possible.
In the broader markets, I’ll be happy when a temporary floor is priced in…at least then we will have a point of reference. At that point, I will hatch a plan to eliminate the 2+ month funk I have been languishing in. Late night iBC readers will bask in the glory that is stock market winship.
My best to you all.
-EM
4 Responses to “Tales of a Future Past”
Po Pimp
I’m sick of hearing that there are no jobs. If someone is willing to work their ass off in a physical labor setting, there are big bucks to be made in the oil shales throughout the US. Problem is the lazy fucks of today are “above” that kind of work. They would rather sit on their asses serving up lattes at Starbucks while bitching about no good paying jobs being available.
elizamae
There is definitely a lot of truth to this. Hell, they aren’t even going to work at Starbucks. Thanks for reading.
CRONKITE
Elizamae,
The game of kicking the can will haunt the world for a long time….get used to it.
War will not be with might, but with economics.
Hope is there if you look for it.
Sometimes, we all have to struggle. It only makes you stronger in the end.
Gold and silver linings in your portfolio should be for the long term. Orderly fashion is a change of hands; so stick with it.
elizamae
If the war is waged with economics, this will eventually lead to civil unrest, no?
I believe that you were referring to actual gold and silver, but both are much too volatile for me to consider them for the long term. In 2009, sure, but I’m a few years late to that party. Now, I’ll be content sticking with low beta/high stability grandpa stocks and collecting dividends (for a long-term strategy).
Thanks for reading.