The market is down just 15 points now, but a staggering 80% of stocks are lower today. That’s right, 80% of stocks are down. This is like a down 250 points day. Yet, here we are, cordially, down 15.
I am being lit up today, giving back most of yesterday’s gains. It’s days like this that remind you how tedious this business is. I am sure when you passed your series 7 exam, you figured you’d land Gordon Gekko as a client and you too would being living in a penthouse apartment on the upper west side. Instead, you’re just a jackass.
Ask me why IMMR and YELP are lower today, but ANGI and TRLA are up. Who knows!? The market moves in mysterious ways, under the black clouds of hurt.
I actually added to my leverage today, buying more GOGO. So, my exposure to the long side is nothing less than comical, considering the fact that our Warlord is teeing up Syria for a swing.
Maybe people embrace the machismo of The Obama, as he launches cruise missiles from a luxe golf course.
This market is, seemingly, going to hell in the hand basket and I am in the front seat, along for the ride.
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Have a nice long weekend Boss.
no pomo, no mas
Well there is actually really big POMO on Tuesday.
It IS comical and you ain’t alone. I went fully bare naked into the long side too for the coming Tuesday aka the judgement day. Long indices and long several calls. I don’t even have a hedge. I am going to close my laptop, drink shots of Armadale, Absinthe and Gran Patron mixed together to forget about why I did what I just did with my portfolio.
That is epic.
President Barrack OBush is a walking ball of irony, lathered in hypocrisy
But Cain you do have to recognize the perfection of it. That bond market was selling off so hard and fast, but now with all of this bombing talk it is holding rates steady as he goes about kicking out the Clam and trying to bring in his bud Larry.
IMMR should get a bump on galaxy gear and note III announcements (if they include haptics). so now we have galaxy SIII, S4, gear, note II, note III.
Indeud.
With the labor day holiday here, figured a thanks Senor Fly was in order. In IBC we trust.