Since 2002, buying TLT in August has been a profitable venture, every single year but last. TLT dropped 1.3% last year, and thus far, has continued its downward spiral of death this year, jarring stocks because “the rate of change” is happening too quickly.
There isn’t anything wrong with higher rates, per se (no homo). But the speed in which it is happening is something to worry about, which is why equity markets have stalled.
I don’t ascribe to the idea that “earnings” are growing too slowly or that the economy needs to “do better” before we can jack-lift (no idea what that word means) higher. Stocks go up all the the time, because that’s what they were built for. When God made man, he created war. When man created stocks, he created winship.
I have nothing exciting going on today and really need to get back to my family, else Mrs. Fly will strike me down, like a dog, with her purse.
In summary, the August TLT trade isn’t dead yet; but it’s not looking too promising either.
Disclosure: No position.
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Noticing a few changes under the hood here. After what period of time does the Comment section of a blog post close?
After yo mama!
Hi RC, do you still hold MELI and YELP? (I can not reply on your site somehow, gave me error many times)
Still hold YELP, wish I was still holding MELI
$CXO usually follows $USO, but it didn’t do so yesterday and today 8/13/2013. Why didn’t it follow USO ?
aapl for the 5 hundy roll?
FOR GOODNESS SAKE FLY WE NEED YOUR OPINION ON ICAHN HOLDING A LARGE POSITION IN APPLE.
https://twitter.com/Carl_C_Icahn/status/367350206993399808
It was a better buy at $420.
had it at 420..pussied out and sold to find $$ action somewhere else
flashing overbought on many indicators
Step in front of the train. Do it.
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