I’ve begun liquidating some of my positions. I sold out of XLRN and AN already and have designs to sell more. This tape isn’t one that I am interesting in bearing through. To go from +80 to -100 in ten minutes without any news is a little fucked up, if you ask me. More than that, we are starting to border on the inane, with european markets trouncing ours, all the while oil knifes lower by 5%.
I can’t sit here and watch this rubbish any longer.
If you enjoy the content at iBankCoin, please follow us on Twitter
Didn’t OA say we’re just range bound?
No, he said we are all going to die.
You’re making it too hard. I have been doing really well with just a 60/40 stock/bond allocation
The only reason for that is bonds, most likely. Not everyone believes bonds should keep going higher, forever, you know.
On what fuckin’ basis are you long bonds? Educate us. And don’t give us that “safe haven” bullshit.
backtesting http://tinyurl.com/werf4gefef3gfew
The idea is 20-year bonds will hedge equity decline (like we are seeing now) but if the market surges and bonds fall, bonds won’t fall too much – or at least not as much as buying puts or buying volatility. As the market keeps rallying, bonds tend to stabilize after initially falling. The 60% spy should negate losses from bonds.
The 60/40 portfolio isn’t really a new concept, but it’s been a very solid performer in 2014 & 2015
Carry. We are in a deflationary world… excess global capital, negative yields everywhere. Why not get 1-2% yield in the US + appreciating dollar if you’re a foreigner? It’s been working for a long time, and the story still holds. Policy divergence but US rates capped by FX as transmission mechanism.
So, market is down again. Do we blame Bush or Obama?
Blame Obama for the 9,500 point Dow GAIN since he took over; and blame Bush for the 2,700 point Dow LOSS in his eight miserable years.
Oil is probably done knifing lower… but ES — unclear.