I can see the headlines now: “Market Raped on better than expected retail sales.”
This market has been very difficult to game, over the past 6 weeks. Even though the indices are within striking distance of new 52 week highs, several sectors have been derailed, namely commodities and tech. Based on Santa Claus alone, the market should be shooting higher today. Yet, here we are getting swallowed whole by asshole whale eating bears.
In my head, I have lots of ideas, with lots of predictable outcomes. However, it’s “hard as fuck” to accomplish anything when the market is stuck in “stupid amber,” scared to shit of going down. We need some sort of earth shattering news to get jump started again. Otherwise, we might slide lower to 10,000 Dow, before regaining the initiative.
In an effort to avoid fucking myself into the New Year, like I have done before so many times, I will attempt to remain calm, by way of holding a large cash position (25%+). The truth of the matter is, the only way I can guarantee my patience is by leaving the office and going for a walk or a drive to undisclosed locations, where I can do no harm.
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