It’s cool that the market is up today because I am down about a gazillion dollars. All of the hottest commodity plays are being dismembered and their body parts placed on a pike.
Oil is off by 2%, but your average oil stock is down about 7%. Very nice.
Hiding out in tech? That’s a fucking problem. Shares of PANW, YELP, TWTR–poof–gone, right down the sewer pipe.
At least the IBB is up. But GILD is down, so fuck me.
LLY is having a fine day, down 8%. Or how about VMW, down 8.5% on the Dell-EMC merger news?
This ia shaping out to be a horrid day and I could accept it if the market was down 500. But seeing it up a cool 45 makes me want to punch a hole through my fucking monitor right now.
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Airlines still doing good.
Jpm tomorrow
Please don’t do that. We’ll miss the next installment of the days of our lives.
Metals selloff not surprising with the flagpole price action. My error: being greedy and not selling every metal on Friday. GS commodity report no help. Biotechs not moving until after the Democratic debate. My error: not waiting until Wed to buy. Tech. Not a player here. Yeah, fucking ugly day. Only working for me: EROS, PYPL, and MOH.
Twenty years of ZIRP
I sold a little today. Had a small SPY call position that expired this week. Wanted to roll it but instead I put on my Freddy Kruger knife glove and slashed it.