What can you do in this market?
Sit on the sidelines! Or be quick. Or market neutral.
Figures I go out for some fishin’ and when I get back after the close I receive the homo hammer.
For those long term investors I’m not taking your unsolicited trades. Blow yourself up else where. Then I’ll acat what is left of your value plays. No such thing in this type of market.
For my traders and momo’ players; they know the deal. Time to stop out. YTD were now down about 4.9%. No biggie. Shameful after being up almost 14% just a month or two ago.
As for myself, my trading account is up 21.8% …Thank you very much. I do not have to argue with myself to buy or sell.
Everyone needs to sign discretionary papers…. Do you have your papers?
As for my don’t look till I’m 65 account I’m down about 16.6%…..oops I looked. I guess the income has kept this account out of bear market territory for now. Mutual funds suck!
At any rate, go on vacation or follow the order of RC he does seem to have a sixth sense lately. Of course The Fly has navigated this horse puckey quite nicely too. And I thought 35-40% cash would be fine.
Well let me just say this homo hammer is coming for you longs like a child molester fresh out of jail. Don’t know why they ever let those guys go.
I’m looking for the S&P here to come into the 1216-1224 area. I’m also looking to go back to 80% cash tomorrow no questions asked on all my trading accounts. Maybe I’ll go short and then add when the market is at zero. Zed is when you know we have reached the bottom.
I will stay the course on SNHY and SY. Without question the QLD and SSO are gone 9:30am. Minor nick.
GLT
by GW
[youtube:http://www.youtube.com/watch?v=PybccIKbtSw 450 300]
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