The Stupid Money Clawback is in Motion

If you do not want to be chastised, go visit another site right now, one that is hosted by an idiot who will reveal his weaknesses and insecurities. I want you to remember the pain that you are feeling today, for it’s the result of hubris and financial neglect. Many men before you and after will suffer a similar fate, ruined by short term market swings due to the inability to properly gauge sentiment.

The writing was all over the wall, was it not? We knew the situation, bonds going down, the Fed becoming hawkish, Bernanke fired on the Charlie Rose show, global turmoil, unrelenting melt ups in sub-human stocks etc. The list goes on and on.

Margin interest was at its highest point ever, just before the drop. Coincidence?

Dumb money has been collected since the beginning of time, by those who have staying power and a keen eye for identifying trends. When the last idiot sells out of his positions, zeroing out his account, then the market shall rise. This is the sort of tape that vexes people. I’ve seen it before, in ’97, ’98, 2000, 2001, 2002, 2007, 2008, 2009 and 2011. The story always ends the same: dumb money fleeced and the rich get richer, unless of course you worked for Lehman Brothers.

I am solely fixed on IMMR. We are going down in a convoy. Therefore, we shall rise in one too. It’s redundant and wasteful to diversify right now. I will manage the position and exit profitably before the 4th of July.