Markets gave back yesterday’s gains, as the chop continues. The Dow is down about 600 points over the past month and the ‘sell in May’ thesis seems to be playing out exactly according to schedule. Even still, there will come a point in time when the market will swing higher, providing succor to those of you caught at the high end of the recent range.
Unfortunately, according to the laws of mathematics, that time is not now.
I’ve been in a 75% cash position, 25% TLT for about a month, ever since covering my XLE short. Truth be told, I never should’ve deviated away from my Exodus inspired program buying of SPY upon systemwide oversold signals. Nevertheless, we can only move forward and must not lament over the past.
When Exodus flags oversold, I will be going long SPY in 25% clips. The track record is indelibly profound.
The Fed minutes will be released tomorrow. In light of Fed’s Kaplan, Williams and Lockhart’s absurd comments today, suggesting 7 fresh rate hikes are just around the bend, you should fear those minutes.
As you were.
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Le Fly,
Could you please do a post (when you see fit) on your thoughts for single family real estate?
Thanks
ROFL They tanked the market by 200 pts in order to send a msg to Yellow to give a dovish tone tomorrow. That explains it. Okay.
No it doesn’t you mental midget.
and I hate your fucking avatar, you millennial inspired anime loving misfit.
+1
Today’s: fear the fed, is Tomorrow’s: fuck the fed
That Avatar is so gay it thinks it is trans.
Coming from your Avatar, way to play towards stereotype.
What else is gay? Let me guess:
Any motorcyle that isn’t a hog?
Anyone that shops in Bed, Bath and Beyond?
Anyone man that doesn’t drink beer?
Jesus Christ you people are touchy. Sam Peckinpah. These are hallowed halls.
I’m actually more entertained than offended.
“you people” are “touchy”? Classic. Thanks for playing along, although I’m a bit disappointed that didn’t use the phrase “political correctness” in your response.
Seriously though, if your only reason for posting on a *financial* blog is to bash liberals/liberal views, then you might enjoy ZeroHedge better.
I’ve had enough of children lecturing me about finance.
FIG
Long oil,
Picked up128bps today with gold and oil
This mkt is fracked
Surprised it didn’t hit oversold today. To me that means it’s “learned” and working well. Very cool tool.
I just had lunch with Gay Cook this afternoon. Therefore, I bought some Apple shares at 93.26.
The Saudis and the military complex are shitting in their
white hats right now. If this suing bill goes through the
truth about 9/11 will come out-whatever that is.And
that will be expensive for everyone cause money is
all they about.
These Saudi barbarians are no dummies when it comes to oil. Maybe some Prince didn’t think his shit all the way through, but they went the market share route for a reason.
The Sauds in charge right now are new at this.
Beginners mistake-but it will cost them plenty.
What no P3 crash of doom in may? Dame it fly, that just wont do, when all the printers are off. And 12 grey swans on deck. I am not going long til vix 50:)
@gorby I guarantee the oilers in the US are getting way more efficient than abroad these last couple months. Their desert is becoming dry.