Now that the market has successfully forced people to buy back in and sit at the tables again, I’m less enthusiastic at who’s now sitting across from me.
Leaving the week on a market milestone headline has me thinking about hedging up a bit…even though I’ve been buying and selling all week long.
I think this year, sentiment will be much easier to gauge. Last year was fairly easy, as I felt like the only bull left at the start of 2016…but as I’ve said, the market will have lots of fun welcoming in last years nonbelievers.
Start thinking in terms of pain trades this year and market action should be easier to gauge.
I’m in the process of building a retard-o-meter to gauge when the market has gotten to hyphy.
Have a pleasant weekend.
OA
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it does feel a little scary now that so many people thinks the markets will keep going higher. Bears have given up it feels. Or at least they’re much quieter
Then again, your wife almost left you for canceling Prime.
long AMZN? lol
Getting slaughtered on some puts I bought a couple hours ago.
Well, I’m sure ur Long bios more than makes up for it. Made this entire blog major coin, including myself. Awesome stuff. great week.
Me thinks that the mutual fund shills will be speed-dialing their customers at DOW 20K and the pros will happily part with their shares and lock in some early gains. Looking to trim some of my big winners from this week.. LABU, PANW, FB, WDAY..
Added modest amount of REGN
NTNX… ready to fly or fall.. TIGHT wedge.
I’m short $DIA for a hedge.
And I’m sorry to spam the blog with “SHORT REGIONAL BANKS!” but I had to stop what I was doing to poke around. I found 19 regional banks that looked exactly the same, then narrowed them down to only those with attractive volume profiles and low implied volatility. Still 12 names.
http://finviz.com/screener.ashx?v=211&t=STL,CFG,UCBI,ASB,FITB,KEY,MBFI,MTB,WBS,WAL,RF,TCBI
I like $RF, $WBS, and $UCBI. But really I like them all. I am going to fight the urge to either make or lose a fortune on this idea. I think sentiment is lined up on the idea that we are entering a new paradigm for regional banks as well. While we may be, I could see them trying to work off some of this enthusiasm first.
What the “experts” said December the 1st. (Dow +5% since).
“An investor should move to cash and cash alternatives” Gross, who runs the $1.7 billion Janus Global Unconstrained Bond Fund, said.
Jeffrey Gundlach, whose DoubleLine Capital oversaw more than $106 billion as of Sept. 30, also warned investors Thursday to be wary of a Trump rally.
“There is going to be a buyer’s remorse period,” Gundlach said in an interview with Reuters. “The dollar is going to go down, yields have peaked and will move sideways, stocks have peaked as well and gold is going to go up in the short term.”
You can find experts that said the opposite too. Who cares.
whatever. you’re an “expert” liar. lol
Stay away from the small animals, your mind is infected.