A sufficient amount of people were sucked back into the markets last week. As such, futures are inexplicably diving lower by 150 and your prospects for fortune have all but withered away and dissipated into the wind, like the embers from the bones of a body that was just doused with petrol and set aflame near a breezy beach.
I can only hope that the final 25% cash that I am holding can be allocated in a smart manner, away from impulsive acts of greed. This squall that we are going through has been run of the mill for the past 2 years. This hasn’t been a “good” market for a long time. It’s a traders/stock pickers market, loaded with lots of inverse fixin’s and bottomless money pits.
Into further weakness, I am a buyer of MNST, DIS, AMCX, CYBR and even YELP. I also think gold can begin to counter-trend the downward action again.
I am only interested in the next move higher for a trade; because I feel, without a shadow of a doubt, that this market is entirely fucked for at least two years–as we digest a gross deceleration of growth emanating from the dog-eating nation of China.
Do I trust the PBOC to bail themselves out and renew China to its former inglorious methods of fast growing and corrupt chicanery?
I most certainly do not.