This is Some Real BS

As long as TLT keep go higher, this market will be hostage to this range. With all of the liquidity around the world, all of the reasons to get long stocks due to corporate profits, we are being handcuffed by what seems to be a panic trade into bonds. The safe haven/harbor allure of government bonds has gotten to the point of absurdity. I told you this would happen, as it always is the case this time of year. People get scared towards the end of summer, into the Fall. It’s a little early to bulk up on TLT; but I suppose the Israeli-Russian storyline has the cowards spooked.

That being said, oil stocks are better fear trade alternatives– because it’s based upon reason and profits. Names like SLCA, FANG, OAS and CXO should continue to outperform, not to mention ethanol plays.

This is a giant week for earnings and many of you are down in recent weeks. My sole advice to you is get out of your stocks before they report earnings. Unless you have an edge or a long term point of view, turning a trade into an earnings gamble makes you a microbe.

I have to go now. Don’t expect the market to do what you expect it to do today. Monday’s is a day for the idiot trade, bedraggled by a long weekend of illegal narcotics and alcohol. Do yourselves a favor and go take a nap. Get back to me after 1pm.