Just when I was getting sick and tired of making all this money, too. Yellen had the fortitude to go right ahead and sink this awesome stock market rally we’ve been having.
I absolutely hate making gains hand over fist; this is just terrific.
Did we all know this day would come? Yeah, I think that’s fair. But seeing it here makes me sick to my stomach. The good life was getting very good, and there’s something about watching a +15% unrealized gain inside the first 3 months reverse that reminds you just how boring the stock market used to be…
Back before the man with the silk beard came and made life grand.
Those of you who are new to the stock market are going to look back on the days of Ben as the stuff of legend. You lot, right now, are just so brazen – cocksure of yourselves. Well I have some news for you little bambino’s; greater than 80% of you are about to lose more money than you made over the last five years, long bullshit like TW at 40 EPS, or TSLA at 200+ EPS…half the time, you have no fucking clue what these companies even do, much less what goes in to making money in their stocks.
You’re gonna lose your asses with comments about “the new economy” still forming on your lips; perhaps a Warren Buffet quote framing in the back of your mind, in futility, before BAM!
No more account.
Get ready for some life lessons on risk management and self-discipline, suckers, taught the good old-fashioned way – through bare fist boxing.
If you enjoy the content at iBankCoin, please follow us on Twitter
What a day-up 20 + on FSLR but lose
19 of it on everthing else
If you’re looking for the tip of the interest rate spear, it’s going right through the heart of trash stocks like NLY.
http://finance.yahoo.com/q?s=nly&ql=1
I have a micro position in NLY -diversification don’t ya know – but your
right,they don’t add to anything
What’s the advantage of diversifying into actively burning buildings?
A Lucifer trade
This why I absorb this Blog.You have this
market down.
agreed..
Thanks, Mr. Cain Thaler
As Chess has pointed out over on his side of the site, REITs took a hit today. If Yellen’s comments generate follow through, they will get dismantled over interest rate fretting.
AEC and (former position) MAA will be dismantled alongside them. Just because – REIT + monkeys = Lower Prices
And that makes no sense, because those companies make money renting. Higher interest rates will just help shore up their already obscene occupancy rates.
I will be a buyer.
Although I don’t expect it to happen, I’d like to see house prices come down. As a potential buyer I can deal with higher interest rates, its the cost basis that could hurt me later on. The main thing around here is not much inventory, and most of the lower priced houses have already been “done” with the standard issue, tacky, trite renovation. Laminate floors, new kitchen counters, pedestal sink in bathroom, etc. Sorry, but this is not worth a 100K mark up to me.
Yawn.
interesting mx -if there are enough of you
around could be a in niche rebound in
quality retail-don’t have names at this time
Awfully grumpy sir Cain. Who pissed in your Cheerios? 🙁
Jan, my man.
Jan pissed in my cheerios.
REITs continue getting smashed this morning. AEC and MAA down.
So stupid.