It’s over. There isn’t a fight between bulls and bears anymore, just bulls vs super bulls. The specter of even discussing today’s 2% drop in crude and making it out to be something that is important is like scratching a blackboard with long fingernails for me.
Look, no one wants the whole kit and kaboodle to implode and burn in the fires of vengeance more than me. But at some point, you either have to see things for what they are, or you start to act like a person who’s bordering on delusional. Crude stocks are up 29%, on a median basis, over the past month — according to Exodus. If said stocks pullback a little, what’s the big deal? This is stupid already.
We all know this is a gigantic bubble. We realize the Fed and other central banks rig the game in order to keep themselves afloat. So the fuck what?
For the entire year, I decompressed from 18 years of professional money management. I quit in December of 2015 — because I couldn’t take it any longer. I’ve focused all of my energy on building up iBankCoin again — propelling it to new heights. I had neglected the site throughout 2015 and traffic had plunged as a result. I didn’t trade in 2016 — because I wanted to only trade the Exodus OS signals, which have been entirely right. The only problem, at least for 2016, is they were very rare. We only had a handful of OS signals this year, much different from previous years — which made me bored and caused me to stray off the plantation.
Two things happened, as a result.
1. I found myself long gold as an investment, something I’d never do.
2. I started to short stocks — thinking markets would plunge after the elections.
I do not regret holding my $TLT position and not taking profits. In spite of the recent collapse, I’m still up and have received 2.5% in dividends throughout 2016.
Conclusion and solution: I’ll be locking in tax losses before the end of the year, most likely covering all shorts and selling my gold. During 2017, especially inside Exodus, I intend to take a much more active role in trading markets again and will play the long side, like I have in the past. Some of my long strategies have worked this year, such as my GARP portfolio, which I modeled to outperform in the event of a Trump win. It has done fantastic this year. I don’t have the numbers in front of me, but it’s in the mid double digits.
By 1/11/17, I will have around 75% cash and have a new strategy for tackling markets for the new year.
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What no more bears? Isn’t that where the market can totally fall apart?
I didn’t say I was switching to bullish, only that I was booking tax losses.
Die in a fucking fire.
Hah, exactly what I was thinking–look out below!
Your point is well made -bulls vs superbulls.
I think much of this rise in equities has to
do with the devaluing of the purchasing power of
cash.I feel I need to Just buy something that has a reasonable chance of holding it’s value’
I don’t wanna sell for the same reason.Of course that creates a
rising floor.Anyways looking forward to your escape from the horsemen.
I’m looking forward to watching you take your vengeance on the market next year. May you kill it, and more, in 2017.
I think gold flys next year. Surprised you dull on it.
My god, don’t sell Gold.
Go Fly!!
Great Dr. Fly! I hope you don’t stop exposing them cucks until they fade away to irrelevancy.
Look, after the rate increase next week we are going to be presented with a yuuuge buying opportunity sometime in the next month. Keep your power dry and get ready to fire both barrels when blood runs in the (walled) street.
Will people care about interest rates at this point?
People may not care, but they don’t by stocks anymore. Algo’s and dark pools care very much. Pray to all that is Holy that we get a (predictable) dip to buy after rates go up next week.
Noice! Looking forward to it.