The market has given up a 150 point rally. Under normal circumstances, I’d say “be careful, the market might go lower now.” But this market is anything but normal. At the sight of any dip, you will bear witness to financial perversion, as fund of funds allocate all of their money into long only funds. I don’t even want to talk about pullbacks anymore and how horrible they will be, once they arrive.
What’s the point?
I’ve been waiting for a significant, earth shattering, correction since 2009. Yes, I’ve been long and always bullish. But deep down I’ve been scared of a 2008 redux. Like many others, I was shell shocked by the crash, even though I was 100% short.
If you’re worried about market pullbacks, you obviously can’t “hold your butter.” How do you expect to make money if you’re not willing to lose some too?
For the day I am down 1.5% and loving it.
Someone put relaxer in my FRO. I’ll blow it out like Black Dynamite tomorrow, jive turkeys.
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Hold on to your cod pieces.
Short everything for now and do not look back or you will turn to salt.
Abraham has spoken – get your biblical-proportioned destruction on.
What, so we’re supposed to buy that there’s serious dissent within the Fed that will affect QE? Parlour tricks.
No Ben said the moon is for sale now…start bidding.
Go eat a sandwich.
roast beef and tomato…
Told You!
And now it’s 200 pts!
Someone in PCLN knew the top was today???
Cheap Chinese solar and Tesla sparked this rally, and it is inevitable to be the downturn today.
Holding my butt and cash all the way down.
Happy Memorial Day !
Market won’t rally until Labor Day when Fed cuts QE.
Enjoy your summer!
Better to sale in the morning when Europe wakes up?
BoJ can’t control their JGB’s and it looks like Clam can’t control our bonds today, GO USD!!!…My 2009 Commodity Bubble has already popped, just waiting for everything else to go bye bye. In 2009 the Central Banks around the world started to make Bubbles. The only question is when they pop. FWIW, imho, the only truth in this game is that Bubbles always Pop …hard, omg, super hard part is to find out what finally does it. BTW, FLASH MARKIT PMI’s tonight.
http://www.youtube.com/watch?v=dsx2vdn7gpY
I agree Fly ! the market is high and I have been burned by shorting it a few times, but I sold all my portfolio like throwing a dart instantly sold. Now I shorted TSLA and spy. Not ballz out just 10% of holding, and 0% long, make some money 🙂
“Someone put relaxer in my FRO. I’ll blow it out like Black Dynamite tomorrow, jive turkeys.”
Let’s hope that relaxer isn’t that Nair shit.
hey all the guys calling a market correction for the last 4 weeks,got it right today
There will be a small window of opportunity in the morning to (slightly) limit your losses if you are long this market. Arrogance can be turned into humility but usually only at a very great cost.