Look at TLT rip tits to the upside, alongside stocks, as if this shit was some sort of fantasy land made from angel dust. In this life there are three sure things: 1. death. 2. taxes. 3. VXX to zero.
My three largest positions are doing just fine, NFLX, VHC and MCK. However, there are things in life I don’t do, such as buying stocks at highs, ahead of JACKSON HOLE.
If Ben wanted to demonstrate his pimp hand, he’d implement the biggest form of QE, right now, ahead of the elections, at the highs. Oil woild lift to $200 inside 6 months and stocks would trade up by 30%, which is the average return of stocks during QE1 and 2. Another round of QE here would all but guarantee an Obama 2nd term, as well as another 6 months of stock market ecstasy.
Top picks: MCK, cash, HEDGE