All of the losers are sprinting forward today. If you don’t believe, take a look at GDOT, JVA, VHC, ATPG, GSVC, MY etc. It’s the who’s who of the orphan stock rampage to the upside, no homo, no protein–just cocaine. If I was long JVA into today’s romp, I’d sell it 10 ways till Sunday.
Having said that, I’d like to sober you up (no Stocksage) through the visualization of THIS! (BEHOLD, MOTHERFUCKER)
You see that shit, hovering near all-time highs? That’s the Jakegint killer, bunker buster for his gold mines gone awry. What that should tell you is that big money is no longer interested in risk, so they are parking money in US treasuries because they are backed by the full faith and credit of the United Steaks of America. In other words, they don’t trust having money in the banks, past the FDIC limit, nor do they have any interest, whatsoever, in participating in the “Dogs of the Dow theorem.”
What these yields are suggesting, from a layman’s point of view, is another storm brewing on the horizon, something insidious and infectious that is going to destroy the very fabric of society. If your company isn’t built to last, it will fold.
You’ve been warned.
Fun fact: TLT has NEVER gone down in the month of August, in the 10 years publicly traded. The average return over the past 10 years, in August, is 4.22%. Over the past two years, TLT gained about 9% in August alone.