For the sake of my sanity, I will keep this brief.
Everyone believed when David Einhorn said we were in a bubble. They followed him into his bubble basket and then went to the SALT conference, to cavort with one another, drinking champagne and eating coconut shrimps. They made great speeches about “the end is near” and how the current stock market was to be “unsustainable” and we should “sell now” or forever hold our penises. The truth of the matter is, the retarded folks at SALT are now the sheep. They eat the grass fertilize our crops.
Since everyone is a hedge fund manager these days, no one is a hedge fund manager. I mean that in the colloquial sense that hedge fund managers are synonymous with smart money. Right now, they’re the dumbest money around.
Everything’s up again. The broken elevator action has been stopped and we are back in the black. As such and accordingly, I applied risk to my portfolios today by selling PG, FANG and buying loads of XON, IFON (very little) and CNQR.
I also sold out of my program purchase of QQQ, that was flagged by The PPT‘s oversold signals, for a 3 point profit.
I believe we have a window of opportunity here and I am trying to maximize my potential, without taking on too much risk. It’s a delicate surgery to perform. Then again, I am a Doctor in blogging, god damn it.
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