There’s an uneasiness creeping over. In the back of your mind, The Obama Bull Market surely dies on Friday, taking your Zecco accounts and 401k’s down the sewer pipes along with stock prices.
I’m sure you’ve started to read a bit more of what structurally happened to the market last year, and you thought to yourself “That asshole OA was right.” Even better, I prepped you for it all in late 2015, and said no matter what happens, you’ll be forced to join my Kool-Aid fountain whether you like it or not. Everything from the coming rotation out of bonds back to stocks, the breadth thrust that signaled a new secular bull, a market that was bottoming despite being up near ATH’s, the crowd sentiment, Fund Managers cash position, market creating a chase, and to fade this shift from passive management and start focusing on active management again. That cycle has surely reached its max.
So tomorrow sets up to be just another day, and another dolt elected into office.
How are you positioned?
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i’m positioned for a bounce tomorrow, and subsequent follow through upside into February.
Fully invested long in active funds and select stocks. I believe we move higher at least until late 2018 before we get a 10%+ move down. Too many people still in cash and on the sidelines waiting for the Trump correction.
Sounds like what I’ve been saying.
yup. All I hear in media is the “Inaguration Selloff” to be coming. We’ll see I guess
I added a lot of BABA/ BIDU Feb calls
Set up looks almost too good to be true which makes me a bit nervous
Bought ACM & ETSY
Added DNR as well
Sold CBGDF and KLDX
As I understand it Robinhood is the new Zecco.
Zecco just sounds funny.
Positioned? Head between my hands… and fully invested for the short term to benefit from the sheeple trade. Fingers crossed but who the fuck knows what’s around the corner. Right?
I’m long, but with a larger hedge than usual.
Are you still looking for near term weakness around inauguration? This was the point you said we’d have to look around and re-evaluate.
Just my long-term tech holdings, and a few BABA calls. Vix is perking up ominously.
Someone please stop me. I’m about to buy TWTR again.
WTF girls? Nobody buying phyz gold and silver around here? sheesh. Is any talk regarding precious metals taboo around here? No way, ….
That conversation really died over the years. Have fun.
Sorry. My bad. I am such an ignoramus. I had no idea I entered the chambers of faithful and loyal John Maynard Keynes and Shalom Bernanke disciples peddling the Gold Is a Barbarous Relic truthiness.
You must be mistaken. Or maybe just an asshole. Either way, no fucks given. Enjoy your journey.
Yes, I’m an asshole enjoying my journey and yet even I can see your lack of coherent argument. So my question is, why can’t you? Because when you run out of arguments, all you can muster is an ad hominem attack?
You attacked first you cunt.
How about a button to delete these people? The Pizzagate articles are elsewhere on the site.
Tomorrow will be a chop fest and close down (imo). Look for the rally next week.
The “buy everything” Trump trade will upset all the pretty little snowflakes that thought the world would end when The Donald took the helm.
Thanks for your service, Barry.
Options Expiration should add some excitement as well.
I’m seeing more folks give up on the correction idea as the S+P hangs in up here. Does the relative weakness in the Russell worry you?
I always speak on the relative strength/weakness from RUT/NQ to ES/YM. So you can imagine, it’s always on my mind.
I am nearly fully loaded into this market.
Heavy on China, added several retail names the past couple weeks.
Barry Soetero had his 8 years of 1-2% growth. Now it’s time for 4-5%. But there will be much pain on the way up, just look at the Reagan years. The first two years were in the dumps, he almost got impeached, everyone hated him. Then the tax cuts and slashed govt regulations took hold and blammo…a +11% turn around.
So that means buying opportunities ahead as the pain settles in for an overdue run.
TSLA. Extended? Or is this simply the exact opposite move as last year and – just as last year it sold off nonstop until earnings in February – this year it is a non stop short squeeze buying fest until earnings in February?
Hi Jeff,
Happy new year .. market gives what people wants . Crazy emotions my best guess is . initial down .Trap bears .. creates rally creates FIMO .. forces short to cover ..Look for setup .. trade with out fear ..That is all there is ..
Well said.
Speaking of cash positions, does any body know some good sources to find that information?
Besides looking at ETF flows ( http://www.etf.com/etfanalytics/etf-fund-flows-too l) and the Rydex Cashflow Ratio (good recent article: http://stockcharts.com/articles/decisionpoint/2017/01/rydex-cashflow-ratio-sentiment-putting-money-where-the-mouth-is.html ), I have a hard time finding the amount of cash and cash equivalents positions.
Looking to add $YY $BIDU.
Jittery about the trade, but have a weird feeling its time for some china.
That started weeks ago.
I’m positioned heavily long in select stocks that I think have upside potential, offset by a very few crackpot shorts (as both a hedge and for ego purposes). In other words, the same as every Thursday.
Not that we didn’t already know this but…
http://www.wsj.com/articles/new-wall-street-conflict-analysts-say-buy-to-win-special-access-for-their-clients-1484840659
OA I know you don’t have a crystal ball, but from a technical perspective, do you see any major pullback in the weeks ahead? NASDAQ for example.
Think I’d have every penny of my net worth in the market if I thought that?
Furthermore, what if it does?
https://www.youtube.com/watch?v=uU0OOiyKJLg
Closed out $ADXS and recovered about 75% of my premium. This totally mismanaged this one, as I had a great opportunity to book a gain a precious few days ago.