It’s entirely possible the world will end tomorrow. Also, I thought it might make for a fine Friday afternoon to see your faces beading with sweat due to largess paper losses.
I’ve taken a very large position in XLU and have seen it go lower by 3% since I bought it.
A lesser man would toss himself into a lit fireplace, doused with gasoline, because of these losses. “The Fly” simply brushes them off, like a mosquito attempting to land on my dinner plate.
I will have you know, yields will go lower again. You can bank on it. When they do, you’re all going to be sucking my knee-caps, praising my foresight into the dark and evil lands of utilities.
For the day, I shed 0.24%, like a pedestrian, sewer pipe style.
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No worries mate!
If I weren’t short GMCR and long a lot of cash, it would have been an icky day. Now just waiting for the dust to settle.
get long the XLU
AT&T having a nice run though.
Please tell me you caught that other “peach” link I posted. I love that scene.
Apocalypse is coming !
It’s hard to comment here lately without it being eschewed as “advice”.
The mkt has changed. support areas no longer hold on many stocks watch out
Indeed. The other side of the mountain is showing up all over.
Boss Fly – If yields go lower, what does that do to bank stocks? (I think I know the answer)
Banks is dead then, cuz
Somehow this is all linked to the removal of the flag from the General Lee.
Paper losses? I never have paper losses, I only have realized losses.
It’s just a June swoon. This too shall pass.