The higher this market goes, the more entrenched I become in my indifference towards long positions. Just today, I plotted out a scenario that put me at 0% equities, 20% treasuries, 10% Vix and 70% cash. The way I figure, I had huge back to back years, being up more than 150% over the past two years. Already in 2010, I find myself up another 15%. In other words, I execute thousands of trades, in numerous different asset classes per year. It’s not an accident or luck that has gotten to me to where I am today. I will trust my instincts, over yours, 10 out of 10 times. If I am wrong, I can only blame myself.
Within my long equity positions, I like U.S. Global Investors, Inc. [[GROW]] , [[MWW]] , [[TAN]] , POSCO (ADR) [[PKX]] and [[CBD]] . However, I will not be adding to any of them here. If anything, I am a net seller, not a buyer.
Okay, for the remainder of the day, I will be planning to get drunk and act stupid, in celebration of St. Patrick’s day.
More later.
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My dad thinks the bear have been run out of town.
Fly,
I find FUQI’s explanation rather interesting. It has a familiarity about it. I suspect we will be seeing more of these cases coming out of china in the next few months.
Liwa blew up today as well
Fly what % cash are you at now?
Painted with the same brush as FUQI
AONE, interesting. Credit one of Fly’s screens in the PPT for this one.
http://www.getonmyhorse.com/
Love that song.
ROFLMAO!!!!!
Fly — What’s the PPT number at now? Going forward it will be interesting if that number holds as a relative high. Otherwise, I’m just over here doing nothing with my Bozo the Clown account as I look to set a new land speed record with my remote control control car. And I’m not going long again until you bring out the Ol’ Blue radio. Sometimes I have a problem adding up the single digit numbers via the spam protection – but that’s neither here nor there and really none of your business.
ROTFBC (rolling on the floor banking coin)
Indeud. Been drinking since before noon. What a splending day.
The Irish are drunkenly buying stocks.
I am beating old men with my shilelegh and tossing them down cobblestone streets.
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We’re still here… We’re NOT going anywhere!
What about the 11th time?
I just want to curse. Sell off already! No such luck…
This market sucks.
I’m 100% cash across 6 different accounts. No end in sight.
I sold out of a lot – the lightest I’ve been since before Dec 2008
4 leaf clovers sprouting from the most grande piles of manure today.
So 70% of the volume is high frequency trading. Robots running the market. And people say technicals don’t matter?
So basically there is a robots game being played by the same geniuses with free money given to them, its a risk-free trade. Manipulation is strong and undeniable with mathematicians running the show.
Essakly……. (PUI here bean snait Padrikks time ov the munth….skuse spleling puleese) Pass morr Guinisss’s over heere!!!! Anutder keg ov the STOUTTT Shtuph barkeip[er plleez…
So dis giy saad……….
“So basically there is a robots game being played by the same geniuses with free money given to them, its a risk-free trade. Manipulation is strong and undeniable with mathematicians running the show.”
Soo I terns too hym andd sais…
Tish markit will suck goat hiney until it is the Peeepols market againe. We needs a markitt that be ov the peeplols, buy the peeplos and fer da peeples ….bott bigger peeplos and smallr peepols n than wee wcould haf sum fun. Git the fluming guvermin t t t oooout off Wall Streatt
High der frum sunne Micihigan were itt id nnoow 65* with da farkin robinns back frum soueth..
I think the real picture will come out once we are done with this expiration Friday.
yep, the govbermint and them robots at gs bought a slew of otm calls, and to hit gold, they gotta get to them thar strikes.
TA executed this run beautifully…GOOD JOB!
While you McFuckers were out getting drunk………I was selling Big SP futures at 1165 even. Sold 4 contracts and bought them back 1160.80. Probably going to leave some money on the table, but not bad for about 10 minutes of work. We’ll make new lows today 1152.50
LOL. Or not.
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All us Sixpackers are pulling for The Fly. He is a granite mountain in a world gone mad.
GMCR to $100 then I’m out