This is what dreams are made of. Never ending spiraling higher stock markets, spearheaded by calamitous news. If markets can go up on this news flow, imagine what it’ll do when the economy is pistol whipping hot under President H. Clinton.
In what can only be described as miraculous, America inherited an Asian oil rout and flipped it to a rally. Brent crude is essentially unchanged for the day and the Dow broke 18,000 to the upside.
As for me, my positions remain intact: short XLE, long TLT. It was a bad day for Senor Tropicana, as I am feeling the brunt of being fully exposed to the short side of big oil. Nevertheless, I am a patient man and I have time to kill before I cover my shorts. Plus anyway, a bad day used to mean -6% for the day, with my old style. Being down 1% or so is like having to deal with the emotional turmoil of tossing one of my readers into shark infested waters and then presiding over their expeditious and gruesome extermination. It’s not really that big a deal.
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nibbled on NFLX at $93 because I’m a degenerate gambler
“DETROIT” “IS BACK”
Finally. A top……………………………….
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Yup, thinking the same thing. Try asking the next UBER driver you see about Tesla stock (not the company itself). If he expresses an opinion, there’s another tell.
Fly, I understand your passive approach towards trading..
One question I have is on your position exit strategy. I see that yours is strictly time-based (10 days). However, why don’t you incorporate other triggers as well? Stop losses, sell at x% gain, etc.
Please don’t mention that name…again. Degas.
“If markets can go up on this news flow, imagine what it’ll do when the economy is pistol whipping hot under President H. Clinton.”
Yes, I am imagining that indeed.
Yo. Same thing happened under Bush RIGHT? Great Hot Markets. Hot Markets. Which then became your ruination-mantra right? See how the logic doesnt work??..??
https://www.superstation95.com/index.php/world/1152
Is this a joke web site like the onion?
Sanders …you mean President Sanders as H Clinton is more stale than failed socialist.
Market going straight UP every day…it is a little strange!