Be distinguished about your exit from the market. There’s no need to make dramatic proclamations or go for a spin in the FAZmobile wearing nothing but VXXtits. The market is heading lower because it must.
I am a firm believer in Darwinsim, the mechanism that corrects (extra Grady) the stupid money from ever encroaching on that of the smart. Every once in awhile the dumb money makes it through, infected local country clubs and charitable dinners to the chagrin of legacy members. But for the most part, those who lived by the sword will die by it.
Many of you reading are the epitome of “stupid money”, always clowning around in the margin account, playing the hot stocks for hedonistic pleasures. Your time will eventually come to and end, as the multitudes of speculators who went bust before you.
“The Fly” is edified in the old ways, instructed to “never lose money” under any circumstances, which at times makes me risk averse–causing me to “miss out” on occasion.
Enough of the boastful lecturing, here’s what you need to watch carefully.
PHK
TLT and a little bit of LQD/JNK
It’s important that yields remain low. Should they keep spiraling higher, it will spook the markets and set us back 1-2,000 points on the Dow. There isn’t any cause for alarm yet, as this may resolve itself soon. However, in the event that this is the beginning, you should take it upon yourself to sell out of high spec names and raise cash.
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Jack Torrance: Mr. Grady, You WERE the caretaker here.
Grady: I’m sorry to differ with you sir, but YOU are the caretaker. You’ve always been the caretaker. I should know sir, I’ve always been here.
Grady: Your son has a very great talent. I don’t think you are aware how great it is. That he is attempting to use that very talent against your will.
Jack Torrance: He is a very willful boy.
Grady: Indeed he is, Mr. Torrance. A very willful boy. A rather naughty boy, if I may be so bold, sir.
Jack Torrance: It’s his mother. She, uh, interferes.
Grady: Perhaps they need a good talking to, if you don’t mind my saying so. Perhaps a bit more. My girls, sir, they didn’t care for the Overlook at first. One of them actually stole a pack of matches, and tried to burn it down. But I ‘corrected’ them sir. And when my wife tried to prevent me from doing my duty, I ‘corrected’ her.
I see you left out the overtly racist dialogue.
Coward.
Just sensitive…
Gold is basing. Whether you like it or not.
Gold is basing before it heads LOWER.
The ace of base in the mid 90s?
I saw the sign…..(no homo)
Yes i dont expect much. Theres too much short interest. Ill be out at 1450 or earlier if it cant make it.
you can add MUB to that list
I know gold is headed lower… “I saw the sign”
you still got some relaxer in your FRO …
I am back in the salon, looking to get a blow out.
got to comb it out bro….starting to look a bit nappy…you add here??
Grady: (referring to Jack murdering his wife and son) Mr. Torrance, I see you can hardly have taken care of the business we discussed.
Jack Torrance: No need to rub it in, Mr. Grady.