For the sake of brevity, I am going to condense this post into a 10 salient thoughts.
1. Just because you sold stocks doesn’t mean they’re heading lower.
2. Calling tops in this market is equal to boating the horn of africa in a canoe. Good luck with that.
3. Don’t leave financial advice in the comments section.
4. When stocks go higher, they tend to keep going higher.
5. When stocks goes lower, they tend to reverse and go higher.
6. The over-arching trend is higher, since the beginning of time (sans the dark ages).
7. Generally speaking, it’s a dumb idea to bet against the guy with the printing press.
8. If the market should go down for a few days, even weeks, that’s called a buying opportunity, not a top.
9. TVIX is for retards.
10. Ben Bernanke is waiting for you to try something stupid. Go ahead and test him.
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In one image: http://goo.gl/aBAVJ
Didn’t you say the market would stop going up around tax day? Isn’t that essentially ‘top’ calling?
It will be taking a break.
Plus I’m exempt from these 10 commandments.
Don’t make your exchange student go back to his native Japan. No one actually wants to live in Japan.
Dr. Fly says…..
” Iām exempt from these 10 commandments.”
That would be….THE 11th COMMANDMENT š
There will never be a bear market again.
Fly, you ever consider coaching in the NFL?
How do you know I don’t?
Amen brother. Amen. (agnostically, of course)
Market Recommendation for Premium Clients-
Purchase:
20 AK-47’s
20 Black Uniforms
Proceed to rob every citizen in Cyprus lined up against the ATM’s and leaving retail bank tellers pulling out their money.
This is a nice try to try to hit all the tax evaders and Russian mafia.
All Russian tax-evading Cypriot tax payers….
Not all of us in Cyprus are Russians or tax evaders.
Fly- are you still over 100% long?
110%
come on ben… make it rain..
http://www.youtube.com/watch?v=4dPjONDN3ZI
im with the guy who can make it rain
If I sell my stocks where I would be than, It’s a bull market you know.
I have closed some of my hedges… RUSS was spectacular.
I only post my positions After they’re profitable.
Joe Fresh crew neck olefin sweaters must be flying off the shelves.
11. All Bubble Pop in the end, even ones created by Clams…