The hottest stocks are cooling off the fastest. We are witnessing routs in some of the best stocks, from the innovative world of 3-d to solar, the elevator is decidedly down. This of course is typical of my recent foray into high beta names, such as SOL. The difference between then and now is my disposition of sheer complacency.
In many ways, I’ve become a Kamikaze pilot, aiming my zero down into some ships. It’s an exercize in futility, but it helps me sleep better at night. You must understand: after giving up 30% gains for two consecutive years and to see the same patterns present themselves now, I have no choice but to go completely mad.
November isn’t supposed to be a great month for stocks, just decent. One can make the argument that we’ve already had a decent run, so now it’s time to ‘taper off.’ In the logs of history, people only see the great indices marching higher. Little do they know, underneath the surface is displacement, disruption and carnage.
Some of my biggest draw-downs occured during the great dot com days, from 1998 to 2000. When it was all said and done, I made a King’s ransom. But, along the way, I was tossed into one lit fireplace after the next.
We are in the middle of a terrific bull run, spearheaded by cheap money and innovation. This is the “along the way” part that is loathsome. Make sure you can handle the downs, so that you can capitalize on the ups down the road.
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Great picture. Watched that movie again only a few days ago. Love it.
very underrated
What’s the movie?
ha, just saw Fly’s comment
For those who haven’t seen it, the name is Sunshine.
Just peeked into the PPT for numbers on SOL – seasonality, down 12 percent in November but December and January look great…
Oh boy, first time you bought SOL you sold in May, ouch.
I bought SOL, if not mistaken, in the 2’s. I recall making money
Yes, I didn’t mean you lost money, just that you nailed it back then and re-entered at a higher price this time.
Buying a symbol like SOL is asking for it. May as well buy WTF, GFY, ESAD, etc.
Go watch “Moon”. Great film.
Europa Report is another good sci-fi I watched recently, if you’re into that kind of thing.
I was eying that one
The sun will get you burned. Remember to wear at least 30 SPF, UV protection sunglasses, and a good hat.
Cousin Fly, I fear that the guillotines may have been jinxed by my attempting to front-run them last Sunday. I apologize. Lesson learned – only cheer actual bloodshed as it pours…
SCTY fried my hands today .. thank God I have no others or 3D…. what a carnage
FXI holding tight…..i’m riding it to 44 to have a proper celebration this xmas and make sure the kids get something in their stockings.
“Magic” numbers…
What other numbers are Magical
http://www.businessinsider.com/new-york-post-report-on-household-survey-2013-11
Sorry. No magic.
Update from BI explains that faked household survey responses were a problem dating back years before the 2012 election and don’t appear to have had any impact on the UI rate reported right before the election:
http://www.businessinsider.com/report-on-unemployment-rate-being-faked-2013-11
big ben says QE forever…check out futures
$TAN?
And.
JIG.
No no no. None.
When the operator declares it is time for him to go justifiably crazy, you know you are witnessing some high level shit.
If a clam blows smoke and nothing happens, then what?
If you lose in the last two months of the year – all the time…..just take Missus Fly and go to Aruba for 2 months. FTW in Aruba