Year to date, department stores are down 35% on a median basis and oil/gas drillers are -32%. Today, those industries, and more, are sinking into the oblivion — the dark, cavernous, winding, hallways, festooned with lost traders collecting miseries. “The Fly” does not partake in idle loss, nor will he ever commiserate with the likes of you, ‘fellow traders’ who’ve gone wayward into the bottle and out — drunk, stupid, without a plan.
The NASDAQ is down just 16, yet the only sector that is up today are defensive utilities.
Banks are getting hit again — fear of a flattening yield curve are real as the summer days are long. Your allergic reaction to information that can help you circumvent the murderholes will, eventually, lead to your downfall.
Case in point, quantitatively, I cannot be matched.
Nine out of 13 of my holdings are higher for the day, with the starkest drawdown of just 0.35%. For the day, and with the utmost gratitude to the Gods, both old and new, I am up by 0.2%. Come this Friday, all of my stocks, with exception to perhaps GLD/TLT, will be replaced with new ones — stocks that obey my model which seeks alpha. But it’s not dumb alpha, it’s smart, sort of like me, but in the form of a sublime harmony of mathematical precision.
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.39% cause I listened to you’re gld/tlt gift
indeud
I would post my day % p/l except I’m long oil. So.
The longer the market lives above 2400, the better the case for 2500. One step at a time, gents.