EASY COME, EASY GO

I am sorry for not posting earlier, as I was busy not losing money.

In fairness, I am losing a little bit of money, as it appears the FDA–once again–declined GOGO’s latest cancer drug. No worries, as they have another 364 drugs in the pipeline. ANGI catching a downgrade today is pure, unadulterated, luck on my behalf. Sometimes you’re good; and the rest of the time, you’re just lucky.

The trillion dollar question you all have is: when do we buy DDD? The answer is never. As for the overall market, I’d wait until the margin clerks were out and about, zeroing out your buddies trading accounts. We are waiting for the white’s in their eyes. This is a process and it’s not exactly a science.

But what about The PPT?

Yes, it’s true, The PPT will probably spit out another OVERSOLD signal today. It’s obvious to me that this sell off is a bit different from the rest. The system learns from its mistakes and will adjust, going forward. Perhaps the market will bounce from here, in a furious manner, proving The PPT correct once again. However, and I am sorry to disappoint you, but “The Fly” isn’t a robot and must act upon his emotions, every so often, even if that leads him to murderous rage.

Everything is down big because markets are adjusting to the reality of a world sans Ben Bernanke.

NOTE: I am still 75% cash. Actually, it’s a little higher today, since the stocks that I own are down.