Now For the Hard Part

So far selling CYBR and ONCE proved to be a smart move. But now comes the part when the markets are rising and I have a boatload of cash and nowhere to allocate it.

Today’s market gain is nice, but it feels tepid. Lots of good stocks are down and others are marginally higher. The rally lacks resolve and could reverse by late afternoon. Plus anyway, none of this counts until after Thursday’s Fed decision.

I am fairly certain that if the Fed raises interest rates, it will spell doom for equity prices. Maybe the initial reaction will be bullish and maybe shorts will cover no matter what they do. But after the dust settles, I think investors will come to realize how fucking delusional a person this Grandma Yellen is.

Aside from that, I have to be somewhere Thursday and will not be able to trade. So, the best course of action, for me, is to sit tight and make the best of a small book, one with AMCX as my largest equity position.

What are you clowns buying? Tell me what your largest position is and maybe I’ll join you.