I’ll have you know, “The Fly” is extraordinarily busy today, with dinner parties to attend and gold bricks to count. Just feel comfort in knowing, I made money today, despite this mornings sharp spike, egregiously due to England “going Commy” via Northern Rock.
Apparently, after the bell, [[HPQ]] posted a good number. No surprise there, really. I do not expect the numbers of bellwether tech names to be hit until the 2nd half of 2008. If your IQ is above 120, you will take the two bucks in HPQ— and fucking run with it.
My investment philosophy is shifting a bit towards killing commercial REITS, via [[SRS]]. In addition, I am slowly reducing my downside exposure to the financials and will continue to do so, the closer we get to the March 18th Fed Day. However, I will “redouble” my shorting efforts, if the sector bounces.
Finally, I am amazed that sane people are not alarmed over the spike in gold. Frankly, there is way too much complacency in the market, as indicated by a paltry 25 reading on the Vix index. If you haven’t done so yet, be sure to protect your downside, going into earnings warning season, scheduled to occur in about two weeks.If you enjoy the content at iBankCoin, please follow us on Twitter