I am very tempted to kick out my entire XLU position and exchange it for biotech/beaten down tech chicanery. However, I am reminded of several occasions when the plan didn’t exactly pan out as expected.
Markets are predictable until they’re not. They change over time and eventually new trends displace old ones.
Is it possible that the market will continue much lower from here?
Of course. Anything is possible.
Is it likely?
No.
But the way I see it, I already have 30+ stocks with long exposure out my ears to participate in any rally to come. For the day I am off by 1.75%, which is pretty fucked up. Over the past week, it has been one slow drip after the next. Now this: BOOM goes the hammer, falling down upon my fucking brains.
I think I will keep XLU and use it for an extreme sell off.
What might be considered “extreme”?
Maybe another 2-3% lower tomorrow, or if we drift lower by 10% from recent highs. XLU should outperform all asset classes in an environment like this.
The temptation to act fast and hope for the best is here and gnawing at me. A lesser man would’ve partaken in wonton degeneracy and then taken to Twitter to declare a bottom. I’m too old for this shit and know the game has only just begun.
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Ain’t this a kick in the head.
End of quarter July 4 week
Boy scout motto? Always be…
Oh phew
Stupid.
(not you showtime)
Me?
certainly ain’t a peach.
https://www.youtube.com/watch?v=4aYrDx-QKmg
LMAO!
I’ve used that voice to get out of speeding tickets – the cops think I’m too dumb to waste time writing a ticket.
Funny clip too.
Just watched ….. -_-
4th of JULY weekend – we are getting punched OUT – because of stubborn Greece? You sure change your mind…a few minutes ago you said we were gonna RALLY? DAMN! I’m stickin’ with your prior post…..NICE SONG!
It is kinda sad….
(I knew this market was gonna get UGLY) So funny…how Frank, Dean, Nat …all smoked AS they performed.
Market hasnt rallied. It’s been gently-hammocked. Each time
Believe in the exodus OS signal. Believe.
Want to get Exodus….my apple computer is pooping out on me…I need a new one..before I add any new programs…if I am not flat broke because of Greece, China, Puerto Rico, Saudi Arabia & Iran & any other country that wants to throw a hissy fit.
Get your own piece of the acropolis
Act now. Name engraving included
$2.75
I’m not buying anything until Fly refers to the Greeks as “buttfuckers” or some similar perjorative term.
SIR, More thank 100 and 20 NASDAQS have been absconded with from the National Treasury.
We’re rallying into the weekend then doooom, bwahaha. 😀
Inherent vice – not just the Fly’s penchant for foul language. You’ll like this. http://www.salientpartners.com/epsilontheory/post/2015/06/22/inherent-vice
The Greeks will come to their senses. Albeit, shamefully late. I’ll be buying NBG on any further weakness tomorrow. Also considering getting long Greek equity vs Italian equity… anyone have suggestions?