I’ve been managing money for others since 1997. I’ve been investing my own my since I was 10 years old, back in 1986. Over the years, I’ve seen it all. As a professional, managing money for rich people, I’ve always dreamt of summer rallies. I recall many times exclaiming it was ‘going to be a hot summer.’ More often than not, however, the summer months wrought nothing but catastrophe.
During the early summer of 2007, everything was going swell until Bear Stearns collapsed.
I had about 20 low quality beers tonight. I’ll be brief. Otherwise I might embarrass myself through a sub par grammatical dissertation.
Futures are slightly higher and everything seems fine, until it isn’t. My contention with the recent strength in markets is that it makes zero sense, whatsoever (extra fucking drunkard).
Makes sense?
Good.
See you at lower prices soon.
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Are you still 25% $tlt sir?
What, Are you talking about?
Recent strength reflects the InOrdinate amount of extra money SloShing around out there that everyone has, able to clearly use for investing and trading, and contributing to the overall equity investing picture.
Yeah right.
The large institutions, government pseudo government or whoever, know the game is ending. The over-zealous pumping, btw apparent throughout Friday intra, indicative of this, whether trick or, treat, motive
Everything makes perfect sense
When you consider what I HaVe
BeeN saying for quite some time
http://s-media-cache-ak0.pinimg.com/736x/3b/30/8f/3b308f1f012ea95bba41454938cd7ff2.jpg
I think I found a picture of you..
Awesome reading this post is reassuring. It’s time to again buy the dip on Monday.
Buy-the-dip guy can read my footnote below as well
“I’ve been managing money for others since 1997. I’ve been investing my own my since I was 10 years old, back in 1986.”
A 21-yo managing money for others?
Markets haven’t really gained in 2 years. We’ve got high brow large caps sitting
with all the gains (the grandma stocks.. In fact, I have Grandma client who’s sitting on 6-7% YTD gains in her personal portfolio) and many individual mid to small risk on names are trading 10-30% lower from their recent highs. It appears the rotation is already starting from these grandma stocks into the rest of the market.
There’s massive short interest.
Raising rates, though not pleasant for companies like Ford or GM, may shake some money from bonds back to equities.
Or I’m wrong and the apocalypse is coming. Either way, I’d rather stick with momentum and simply sell if the sky starts falling.
I’m white as white can be. Funny thou channel SamLJackson or ChrisRock at times
from goldman:
16.7x forward P/E S&P 500 index in the 86th percentile relative to last 40 years
median stock in the index in 99th percentile of historical valuation on most metrics
And the risk free rate is in the 99th percentile.
Sounds like someone is on the verge of capitulation…….the Ark sinks?
In my post I said the grandma stocks are the only ones to catch a bid – pushing them to historically high valuations. For instance, Campbell soup is trading 20% higher than google.
I think we’ll get a rotation back into growth.
Also, the real turbo charger is tax reform which is a few months away. Donald’s popularity will push Hillary more to the right.
In my opinion we go higher this year.
I’ve taken my clients out of our oil overweights and moved into Nasdaq, biotech, and added more to my small cap holdings.