Macy’s furniture is an abomination. Two consecutive times, those cocksuckers come to my house with damaged furniture, making me send that shit back to the chinese slave factory it came from. Frankly, aside from some domestic North Carolina wood, the quality of the furniture in this country sucks. Have you ever been to a Raymour and Flannigan? Geez, what a fucking disaster.
Speaking of disasters, stocks are measurably lower, following Europe down the sewer pipe. Italian and Spanish yields are higher and TLT is spiking. None of this is good for stocks.
Believe it or not, my largest position, post sales, is now NFLX. I have half my book in cash and the patience of an elephant high on morphine.
Expect lower stocks prices in the near term. I hate to lose money on 50% of my assets. However, I am in a fairly good position to buy dips, especially margin liquidations, being +25% for the year. I’m in no rush to test greatness. It comes naturally to me.
In short, DMND and NFLX are buys, especially on dips. I have a great deal of money, waiting for reallocation. I’m in the market for ideas now and will make it my business to acquire some. But a correction is coming, perhaps something a bit more severe than anyone is predicting now. There are tax issues in this country that need to be dealt with and an election that draws nothing but apathy from the American populous.
Beware of the September surprise.