I don’t care what people are telling you, what the talking heads on the television are saying, praising new highs and what have you: this, ladies and gentlemen, is a bad tape. This isn’t an environment to make money, when only 25% of stocks are up. Are you a fucking idiot?
When markets behave like this, watch out. Go to the sidelines and wait for an inflection point.
How will you know when it is time to buy?
If you weren’t so cheap, and jaded, you’d know that The PPT is running at an 89% accuracy clip over the past 12 months. While it’s true, nothing is forever and there isn’t a such thing as a holy grail, this thing works. When it stops working, I will be the first to fix it. Until then, I will depend on it to time my buys.
I am 13% cash, heavily invested in a wide array of stocks, and I am not happy. In my favor, I am milking the farmer and his bullshit corn, via PEIX, and my silver stock (AG) is rallying hard–because Russia is now shooting down commercial jetliners.
I think it’s clear, as well as evident, that the market has morphed into a death trap, whereby any unsuspecting participant is liable to get his head chopped off at any given moment. My first instinct, as I look at this tape, is to buy more AG. But I am fully aware that the market might just bounce tomorrow and gold and silver could very well kick me in the nuts, like it did last week.
I guess what I am telling you is go eat a sandwich. This market is only going to disappoint you and rob you of your time.
If you would excuse me, I have a meeting to take.
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I bought AMD on a speculative earnings play. Intel crushed earnings, and with computer sales up, I’m speculating AMD will do the same.
ouch
No kidding. I thought it was a good odds play, now I know why earnings are so dangerous. they missed by a penny.
It’s summertime and the living’s easy. I am heavy in cash till the kids go back to school.
80% cash since last month, 20% moving here and there nickel and diming for a few extra pennies left in it
maybe you can ask ONVO to 3D print you some of your money back
100% cash
I think the market is finally going to correct. We’ll see
I believe that should be Putin instead of Rambo.
Vxx tits time?
That question comes after the unhealthiest person in power in the history of the world told us to sell. Even Taft was fit as a fiddle compared to grandma.
It’s fucking fantastic to see The Fly using profanity again.