We’re teetering on the edge and shorts are pressing their bets. Ahead of a two day Fed meeting, the stakes are high. In light of recent “emerging market” dislocation, will The Bearded Clam opt to let the spigot loose with fiat cash? Or will he embark on the stupid plan of tapering?
The world wants to know and judging by today’s action, if nothing is done, we’re heading lower.
As for me, I am dealing with the punches, upped my cash to about 18%. I’d like to up my cash holdings to about 25% into strength. However, if “this time is different,” I will capitulate.
I am not chasing this bounce, nor selling into it. I am not looking for ideas either. I am simply trying to manage my current holdings, deciding upon possible “average down” points of interest and where I might want to liquidate. Truth be told, the best opportunities come when things look the bleakest. If that’s the case, this is Bleak House and I’ll be your Dickens, guiding you through the mud towards winship.
UPDATE: I sold out of BMRN.
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Give us the Dick fly!
BANNED
Miles already delivered the dick.
Yeah, i’m grumpy too…
If that first post isn’t removed I may stroke out from laughing
The Bearded Clam or The Bearded Clamstress?
I have traded UVXY today intraday… I think my blood pressure jumped… all out of course… first time in months.. crazy
AAPL baked.. that would add some logs into the fire… hedging with cash
If I was Yellen I’d wear a beard and a nice no nonsense business suit…maybe a pair of those glasses that hang down at the end of your nose too
A paper bag will do.
Turns out Foxconn slaves can not afford iphones. Who would have known?
Apple’s Cook: “People love buying content by using touch ID.”
Could he be anymore uninspiring ??!!!!!!
Apple is generating over 150B a year. They’re yielding over 2.35%.
This price action is a gift.
If a 8% dump is a gift. The bag of coal must be total obliteration.
it’s not my birthday, so no thanks
Feeling the pain too. However, I sense the shitsorm is not over. 61% cash, but no white flags yet.