You catamites are enjoying the music and entertainment aboard the SS Titanic, playing a fools game in a morons morass of sheer idiocy, long commodity stocks and index futures. You will get blown to pieces, and more.
Having said that, let me remind you of Le Fly’s magnanimity. My positions are doing exceptionally well, safely comforted inside the gold mine while floating aboard the ark (The Fly traverses the multiverse and defies traditional, pedestrian, laws of physics).
While it’s true, I ignored the oversold signals inside Exodus on Monday, as outlined in a special blog post inside the platform to explain the rationale, I harbor no regrets.
For me, vanquishing my 50% cash position for SPY was something I was unwilling to do. Others made money on the signal, such as RAUL–who correctly played TQQQ. But I wasn’t interested in taking on a position with a 10 day holding period, which were the rules I established in the beginning of the year for my Exodus trading programme. As such, I remain, inexorably, safe and free from the harrowing events that are to come.
Treasuries have hit new all time highs today. How could that be?
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Flight to safety and to a yield that is less negative. Less negative is the new positive. Just like jawboning about raising rates is the new raising rates. It’s a new world out there.
The continuing treasury rally is the signal that the equity rally doesn’t have legs.
Some people think that because the Brexit vote was non-binding, thne it doesn’t matter. A good theory, but one that was blown-up by the actions of Germany and the EU (“You don’t like us? Fine, GTFO. Now.”).
Today is a bull trap: http://ibankcoin.com/flyblog/2016/06/28/markets-rage-higher-volatility-buyers-annihilated/#comment-493059
I’l be buying some VXX near the close if it continues to drop.
Sometimes paranoia can be profitable.
Stocks did not sell off today, yet the ark floats. I am beginning to regret the short I took yesterday but will see it into next week. Probably.
Solid portfolio, fly.
Glad I did not buy TVIX on Friday or Monday. Buyers already got smoked.
I’m getting nervous about your predilection towards the word catamites. It appears in nearly all of your posts.
Good point TF. I’ll mix it up