I sold $FB this morning at $140 for a 3.3% loss, which is fortunate because now it’s sharply lower. If you do not believe me, feel free to fuck yourselves. Also, I have proof, as evidenced by a thousand fuckers inside Exodus who saw my sell.
So, FUCK OFF.
In other news, I positioned sideways into MOAR DRIP. I sort of like the damned thing and do not care for higher oil prices, not one bit. Also, it’s important to note, high yield is lower again and leveraged loans, inexorably, fucked.
Observe.
Want some SRLN, rare? Bear in mind, this is a basket of leveraged loans — down 0.78% today.
The short thesis for oil is pressure from high yield. Seeing oil stocks up today with bonds lower tells me dumb money is poorly positioned and I am here to take advantage. Now if the Fed provides tinder for a fiery rally and oil melts up, my thesis would be shattered against the rocks and I’d be forced to close out this position.
WISH ME LUCK!
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Sounds good to me. You can’t undo the immediate reaction to the FED.
PMs up, dollar down …yet miners down.
Good Luck Le Fly – You pullin a straddle dog? Silver 2019
Here’s the FED’s projections (page 1 cahrt is all you need)
https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20181219.pdf
Everything points to a slowdown vs September forecasts