It’s so hard to go to cash. I look at stocks like CTRP, WHR and NFLX and dream of the potential upside and how it would please me if I were to be long during an epic run. I fashion myself to be something of a sage when it comes to stocks. People tell me things, supernatural shadows at my urinal, to help advance my purpose here on Earth. This may sound way out there, bizarre for some of you, while others may simply accept it as normal activity in a life of a space alien magician.
There are rumors floating around, regarding imminent downgrades of European sovereign debt. Because of this, amongst other things, futures are lower–pointing to a profit taking day. Let there be no confusion: we are overdue a 3-5% pullback. I will be hard pressed to buy anything today and may even sell into weakness.
Temptation to buy dips and make bold market calls dominates my person and has helped me make phenomenal market calls as well as abhorrent ones. This is not the time to be brave, with the euro tanking and treasuries lifting off. The downside risk is too great, following such a run, to buy after a small pullback. I will be waiting for The PPT to go OS before I buy again.
UPDATE: I sold out of FOSL for a fucking win.
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