Where I Stand Now

I am down to about 10% cash, heavily fortified in XLU and GDX positions, both comprising of 10% and 7% of my assets respectively. Names like DATE and BITA are mere lottery tickets, denizens of depravity to fulfill my inborn desire to inflict harm upon myself.

On a day like today, rookies are calling their clients suggesting they mortgage out the farm to get in now before the market goes up any further. This is a classic punk move, one that would be treated as a capital crime at a brokerage firm under my tutelage. What’s important to note is the undeniable fact that the market isn’t interested in heading lower. Fighting the tape is equal to trying to shoot down an atomic bomb with a water pistol. Eventually, you’ll be disintegrated into dust–leaving nothing but your shadow on the wall in memoriam.

I am looking into buying TLT or AAL next. I feel oil is on the other side of the mountain and the sell off in airlines is overdone. However, I’m in no rush to do so while up 32% for the year–bowling on you clowns like it was my job.

In summary, my largest holdings are XLU, GDX, SBNY, AAPL and RDWR–with a 10% cash cushion as a kicker to your nuts, in the event dark clouds descend upon you.

Reminder: Join us in NYC this fall for the 2nd annual iBankCoin Investors Conference, NYC. I promise you these prices are going up.