The Federal Reserve is going to hint at a comically bad idea this week: a September rate hike. Sure, what would go wrong with tightening during the worst month of the year, for the past 100 years? I am sure the markets will not be delighted by this news. More than that, Greece is 100% fucked, just like the Game of Thrones franchise after last night’s despicable finale. They need to stop following the books, for its author is addled with a number of mental ailments. After all, he’s from Bayonne, NJ. Ever been? A fucking disgraceful town.
When I say “time to take out the barbells”, I mean your pair-trades, long this/short that. Hedge yourself, but keep long exposure just in case. Let’s not forget we’re in a bull market. Any declines can be met with irrational buying, so try not to get too bearish in the short term.
My barbell is cash-gold-utilities and long 30 stocks with CYBR being my largest holding. I am prepared, and willing, to lose 10% from current levels, before I opt to get aggressive with my cash raising efforts. I just think the market will struggle for another week or so and then careen higher again, as has been the case for the past 5,000 years.
Also, in the event Exodus spits out some high probability oversold signals, I will certainly act on them and take a trade or two–maybe three.
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pawn shops and check cashing stores?
Not yet
Bennys go home
shit …………….DSKY -10%
CYBR doesn’t give a fuck about a market decline.
nor even two greek fucks
Jeez, it REALLY didn’t give a fuck. 🙂
A little bird told me equities traditionally do the worst 3 months prior to a rate increase, but actually go up with the news when they actually do increase, for a while.
The great tragedy for the Greeks is that they are now irrelevant, and it makes it so much worse that they have not realized it yet.
hey thanks for FRSH. absolutely ripping it. glad i stuck it out. too bad ive got 1 share.
Awesome
Instead of enjoying my birthday at the beach I’m stuck inside watching buckets of rain fall like the market. Can’t remember the last time it rained on June 15. Sucks… just like turning 60.
my moms birthday is today too!