Margin accounts are at record highs, along with the indices. I am here, without a shadow of a doubt, tempting fate to fuck with me.
I am in a car made from dynamite sticks, speeding furiously, heading straight for the sun.
Today is Apple day. What more can I say that hasn’t already been said? Over the summer my neighbors’ teenage son came to me and asked me to buy him AAPL at around $90. He’s now up more than 40 points from his basis. Easy peasy.
My top position is SAVE. It is my way of being bearish, craven and annoyed at the price of crude. The airlines are cash cows and they haven’t budged in 2015, thus far.
In case you’re wondering, the release of Exodus has been delayed until after the close. After all, this is 5 years plus in the making. What’s another day between friends?
As for me, I have several meetings scheduled and lots of ideas to filter through. Early going the market is unimpressive. Don’t be surprised to see a reversal and subsequent thrashing about the face and chest for bull minded zealots.
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Fly – next Shake Shack ?
http://www.businessinsider.com/fogo-de-chao-ipo-and-business-model-2015-4
Oh, FIG … forgot
Only thing down on my watchlist is SLCA.
SAVE is up 400% in 2 years….if you subscribe to the notion that markets are forward thinking….she’s done quite well.