With just one day left in July, I am pleased to announce that I’ve managed to hold onto June’s gains, despite a most egregious and unfortunate event in the shares of RUBI. We will not talk about said stock until its shares are removed from the exchange. Also, it’s worth mentioning, the very scenario that I laid out for you appears to be coming to fruition. Risk names are back in vogue. Everyone is circle jerking around TWTR, YELP and others (by the way, I went long YELP yesterday). And, TLT is crashing lower today.
Everything is great–until it isn’t.
I do not mean to scare you. I invite you to look back on August of 2000 and try to put yourself into the shoes of a younger Fly, crazily running about the boardroom with trade tickets needing to be filled. Lunch wasn’t an option, unless of course you were fine on missing out on $5-10k in commissions, which was fine on occasion.
Why did I invest a significant amount of my own money yesterday if I feel this could be another 2000?
2000 wasn’t all that bad for the overall market, just dot coms. I’ve reserved nearly 30% of my money in TLT and a short term trade, which is ZPIN. With my accounts, I am fully invested, zero TLT, and a whole lotta high beta.
I am positioned exactly as I should be, heading into an era of unmatched decadence and debauchery. The market is going to soar over the next three weeks and I want to be fully exposed (extra flasher in a trenched coat) to Mother Market and her glorious ways.