Let’s be honest, this is fucking bullshit. On top of that, this is exactly the sort of trading action that portends a calamitous drop.
I’ve taken some precautions, even though I have just 10-15% in cash (it varies). Two of my larger positions are KMB and ESRX. In addition, I own CHD, PEP and WM. Even my “risky” plays have strong fundamental underpinnings, like ATML and IDTI. My higher risk trades include DDD, PPC, OSG and SVU, all subject to the winds of sentiment.
I ended the day +0.4%, well off the highs for the day. I am optimistic, but fully expect my optimism to lead to a short term disaster. My entire investment career has been about big gains, small losses, then bigger gains. The market will ebb and flow, driving your portfolios through peaks and valleys. Stress test yourself to ensure you can handle the pressure when the heat is raised high.
As for Le Fly: he is invincible, a man built from titanium, able to read the tea leaves even before said leaves have been plucked. Spare yourselves the embarrassment of betting against such a man of metal and believe, for the sake of all that is good and democratic (no Obama), that everything will work out seamlessly in the end.
http://www.youtube.com/watch?v=j7VD5UpAXPo
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