The Drama, It’s Too Much to Bear

This sell off is 100% bogus. But that doesn’t mean we can’t trade lower from here. We’re at an interesting juncture in the market where just about everyone, including the bears, believe we will bounce. This has been reticent about committing the bulk of my cash into equities. Just today we’ve witnessed a massive turn in the major indices, from overly bearish to mild. Bonds have retraced earlier gains and for the most part, gold and silver stocks have completely reversed and have gone lower.

Big cap tech, and old school low PE names, are ripping.

In short, I like TSL into a market turn because it’s liquid, undervalued, and solar correlates well with the NASDAQ. Other than that, I did a small average down in RUBI, which has become a major dog for me. I will be happy when I see some green on my screen. Until then, Señor Tropicana is keeping the faith, fully confident in anonymous bidders showing up to bid again. But this drama, frankly speaking, it’s too much for me to bear. I must be leaving now.

Ciao.