How long do you think I’ll be waiting?
I am not going to waste time, dreaming about fictional scenarios. The Europeans need to “save” themselves, but they’re too scared or stupid to do it. The market is supposed to be a lot lower, but it’s resilient. Although today’s sell off is “sad” –I really don’t give a fuck because 35% of my assets are in cash.
I will buy when TLT stops going higher. I will buy, in earnest, when money flees safe havens in exchange for riskier assets. I will not buy ahead of suchness. Instead, I will wait until it happens, then choose my spots carefully.
My current roster of positions is just fine and doesn’t require tweaking. I’ve decided to stick with a few names and average in, if needed. Therefore, there isn’t much to talk about, is there? You may scurry along, playing with fire-bombs and FAZmobiles, things of that nature. I don’t short sell markets that refuse to go lower or that bore me.