I just can’t pull the trigger. I am too comfortable on the sidelines, away from dangerous danger, and would rather go to church and pray for the market to implode than buy here and be wrong.
A great man once said “no balls, no babies.” To that end, I am sterile, a eunuch of sorts, blogging about the market without risking anything. It’s a wonderful thing and place to be: enjoy all of the excitement of the markets without having to incur personal hardship. The truth is, I cannot shake the bearish feeling. Might I add, this feeling has been wrong numerous times over the past 5 years. However, it served me well during the flash crash, having 30% of my assets long VXX into the maelstrom. It also served me well during 2008-2009, as I held a net short book and bet against all of the famous names like Lehman and Bear.
Maybe I’ll meet the market halfway and buy something defensive, larger cap. I have a tonne of money here doing nothing, collecting dust.
GTAT looks good off the AAPL news that they will use Sapphire. RBCN should be running tits on that news; but who wants to get long that bastard ahead of earnings? Certainly not I, or it might be my head in a basket.
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scared money don’t something something
I ain’t no technician and I sure ain’t no gold bug but it looks to me like gold stocks are breaking out of an 8 week or so basing.
Especially the juniors as seen in GDXJ.
IBM, will eventually trade back to 14x forward, putting it at $300 …its already the cheapest stock in Dow right now.
IBM is a disaster waiting to happen. They report non-GAAP numbers but the sheeple do not understand. because they report non-GAAP, a 11% 4Q pre-tax income decrease magically turned into a 11% after-taz gain!
With you Fly. My top picks are refusing to run. Bad technicals.
Braveheart.
Longshanks
Was referring to the title.
Dr. Fly, I think it’s time you polished some dust off that African War mask you own. Just wear it for a little while and see what happens!
The ‘Bear Fly’ has been an obnoxious antagonist in my world this week, but I must say – this seems too easy. Why not go play in the snow? It might put you in the Olympic spirit…
GOGOs Hep-C drug just got denied.
Scratch that. Approved.
Won’t most be waiting for a Yellen tinkle (golden shower) anyway?
A truly hideous thought sir.
FLY if we close on highs will you post Rick Ross “Oyster Perpetual” in your musing?
If we clear 1810 on the S&P I might be able to pull the trigger on some longs again, but until then being a deer in headlights seems like the way to go.
Dr,
Shake it off, it’s not April yet.
Most things look good, to me anyway.
Bought more TWTR TXTR ROVI
Big position in SOCL & TAN now
Senor, ANGI completed her correction.
Maybe one of your infamous chart drawings shall appease the gods.