I am waiting for better prices. Although, I must admit, YELP was a beast today, as well as a number of shipping stocks. But the crux of this rally has been sold. Fear is contagious and the media is working extra hard to crush the spirit of the beleaguered retail investor.
Following yesterday’s drubbing, I am up just 0.5%, thanks to a milquetoast showing in the majority of my holdings. I’m not afraid to lose money, so this is part of the process.
If a deal is struck, even to delay the inevitable, stocks will rally. If we go over the cliff on 10/17, panic will set in and stocks will sell off. I want to be in a position to buy bargains and that’s hard to do when you’re 100% long. In theory, this should not affect one’s investment decisions, since it’s self-inflicted.
I’m sticking with the odds, betting that this new congressional crisis resolves itself, trapping foolhardy shorts once again. The Fed is working overtime and the shippers are banking coin.
I like my position and will wait for the pop.
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thoughts on ANGI, sir fly?
Wait
AMBA indeud…
ANGI is getting whacked big time…CTO was fired because of Marketplace apparent fiasco. That’s 8% of revenues. C’mon!
The media wants to suck you into their narrative for ratings, and to shill for Obama.
Dumb Republican comment. Be original, media isnt blatantly Liberal.
Actually…if you have been alive and observant for the past 40+ years, its been quite obvious that the bulk of major oldline news media are biased left…and increasingly so since the advent of FOX, which has its own right of center tilt. As a disclaimer, I don’t agree with the GOP tactics here, they are not constructive, but this POTUS has largely received a hall pass on virtually everything from the MSM. Being virtually unchallenged by the DC beltway media has probably aided and abetted the growing arrogance they have and will not end well, when combined with the ideologues on the right.
did rw pelican just molest the home page