It is unbelievable to me that BATS failed on the day of their IPO. That company is cursed. Nevertheless, I think it is a great company and will recover from this horseshit. A lot of people in the media shit on BATS because of their old buttfuck buddies on the NYSE. Well, sorry to say, but the floor guy is a fucking dinosaur. Companies like BATS will, eventually, take over trading volume. If there is one thing that is a guaranteed loser, it is to bet against innovation and technology. The dicksuckers at CNBC seem to excel as “suchness,” which is why people shit on them daily, amongst a wide array of others reasons.
Today’s standouts are tech stocks and speculative short squeezes, like ARNA and SIGA. For the most part, aside from some commodity related stocks, everything is up. But not all stocks and sectors are advancing equally. In order to ensure proper participation in this bull run, you must diversify. That means to scale out of heavily concentrated positions, in exchange for a pastiche.
A typical portfolio of the diversified nature will look like this:
Tech: 20%
Basic Materials: 10%
Financials: 15%
Consumer Discretionary: 10%
Consumer Staples: 10%
Industrials: 10%
Precious Metals: 10%
Healthcare: 10%
Utilities: 5%
The allocation model is entirely discretionary. However, one should not weigh more than 30% into one industry if the goal is to diversify. Unlike past markets where everything moved up in a convoy, I am beginning to notice that we are in a stock pickers market, one that rewards trends then flushes them and hops onto the next trend. I’m not just making observations in the average man, pedestrian, civilian manner. As a point in fact, “The Fly” is being alerted to the whims of the market with his new correlation tool, available only to me. The rest of you fuckers will get to use it once PPT 2.0 is released.
For those of you who are curious, here is a slightest of sneak peeks into the new look of PPT 2.0
Bottom Line: we’re in a fucking bull market. Sack the fuck up and capitulate on your wrong headed shorts. Once you are done being wrong, get right by allocating assets into a broad range of sectors and themes. The stated goal should not be to hit a homerun your first time up. Get your capital base up and then you can take a few wild swings.
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Yeah. What HE said.
Fly, Do you actually believe the market trades better now with this incredible amount of fragmentation and lack of legitimate market making than it did before “technology” took control of the markets. Just because a car can go 200 mph doesn’t mean you shouldn’t have speed limits. That’s how I equate what they have done to the markets. They got rid of the speed limits. How can you have a fair and orderly market when every bid and offer is placed by a HFT super computer that will cancel faster than you can blink an eye? There is nothing wrong with progress and technology, but there needs to be a level p[laying field for all participants.
I know the flash crash messed with peoples brains. But there will be road bumps until it is perfected, just like planes crashed during the nascency of aviation.
Without a doubt, an HFT market is where we are going, forever. No use in fighting it.
Do you know anyone who’s short?
yes
They tend to get “quiet” when they are sitting on double digit losses YTD. But most bears prefer to ride murderhole bearish levered ETFs, so they have been cut in half this year – so expecting them to brag would be, well unrealistic.
Dooglass Kass
I am.
Hi Alf! Where ya been, boy?
I’m shorter than my Son’s dick.
Good one.
fuck you.
The Fly is 93% longer than men, in case that tells you anything.
FIG
Getting a little Juvenile up in here today…
It’s always juvenile around these parts, a bunch of assholes I cater to.
Perhaps BATS should rename themselves to: TWATS
I have a sneaking hunch that someone pulled a dirty on BATS.
Buy HD. Repo’d houses are trashed. And left over materials can be returned for HD store credit.
HA HA
BRA gets some $F. Vroom vroom.
The integration of the hybrid score with charts in PPT 2.0 looks fantastic.
scott, am i the only one who thought ben comments were not so good? i think by end of week we’ll see a different market, if not ill get back in. (bot some gld today)
Good is good and bad is better
That’s a brilliant and generous bottom line, at the end of your post here, Fly. Although I am not one of those who went short this bull market, I have done the wrongheaded thing at times, as we all have in the markets. So I empathize with folks when they do that.
It is generous of you to offer the wrongheaded folks a prescription for bailing themselves out.
i was 80% long til last week
I haven’t been short but I’ve been extremely cautious due to my market training 101 received in Spring-Fall 2011 when I began trading. In addition I made a few really lame moves with some dog stocks.
I feel that you are right. I have to sack the f up and place some big swinging bets to get past my fear of touching the hot iron or else I never will. I am impervious to burns!