Unwind, go to cash and enjoy the -40 degree weather outside. I’ve had enough of the market. It’s like one big fucking soap opera, with rescues, panics and ponzi schemes. There are diabolical characters and heroes. Then, there is the innocent bystander who gets hit by a speeding Mack truck. Naturally, the driver is drunk, while doing lines of blow off the dashboard.
I’m selling more of my longs, in order to restock my cash position. Oil and other commodities are in the midst of a death spiral and there you are trying to catch the falling knife. Never catch the falling knife people, unless of course you are buying MVIS into CES.
My coolest position, by far, is short KIM. Within months, I believe that bitch KIM can find herself in a very bad vacancy situation, causing her shareholders to be maligned with greatly deserved grief.
At any rate, my take is to fade this rally. Then, go take a nap, wake up at 3pm, in order to buy a little FAZ into the close— like a rat in a cage made from sweet corn.
NOTE: My UNH is still working.
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Fly
I assume you are going to hold your XOM shorts as oil gets beat like a vegas whore
Kim is a whore.
Devildog’s wife is a whore.
charming comment there charlie. Absolutely charming.
FLY, FXP time? China is near collapse.
Holy shit, I just noticed that the VIX is trading below 45. It has not traded this low since the beginning of Oct. right before it skyrocketed.
volatility will return soon
So would you say, despite all your rage, you’re still just a rat in a cage?
just askin,
DXO is up today.
Wow, gift card sales hurting down maybe 30%
January may be bad for retailers and the market.
How many people believe in the January effect, where the first 5 to 10 trading days tell the tale of January and the supposedly the market for the year?
Having Carmel Machiato with a gram of blow sprinkling in it this morning to celebrate Quadruple Twitching
It’s 62 F here, and I’m pretty sure it’s coming your way.
Sun is blazing after a major (almost tropical) downpour this morning.
According to Mom (who still lives on the Guyland) you guys get whatever we have today, tomorrow.
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A tribute to Quadruple Witching.
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Isn’t KIM mostly in NY area?
Maybe go long UBA to hedge your KIM short?
(UBA is high end, grocery anchored retail in Westchester/Fairfield/Putnam… low debt. Core Jake Portfolio hold)
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Where are you Jake?
T Moe–
$VIX has broken through Gio’s support AND it’s 61.8% fib retrace line.
Pretty significant.
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Also, Russell (and it’s proxy IWM) are BTFO from a short term cup, fwiw.
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j – Flyover country. Ohio Valley.
Are you from those parts originally?
Watch this reversal
It took about 3 weeks but I have profit in both FAS and FAZ. I will Teeter Totter hedge them to sell into the end of the year. With this type of market hedging ETF’S is the safest play. You have to be an Idiot to use a stop loss.
Remember the days when VIX at 40 was unheard of? Messiah Obama will neutralize the VIX to levels of the past…which in turn will fuel the bull suprising all doomsdayers…I’m just saying…
WhyTF won’t they pull FXP off the board. Broken ETF, Major componets fall 3+% overnight, damn thing opens lower than yesterday.
Chinese version of a Madoff.
Shut the hell up, give me your money!
Jake, are you still bullish?
GM news conference what a complete circle jerk
Just get long FXP and you will be rewarded
I understand I’m getting some sort of fucking award. If it’s not solid gold, then shove your bullshit award up your ass and give me some money to manage.
Yes – reward, but which decade will that come?
This tape looks kind of similar to yesterday’s. I wonder if we will same the same lull after 9:00 am pst.
I have an overwhelming urge to throw my slippers at
my trading platform. There, did it. Damn that feels good.
Stop throwing your slippers at me!
I’ve been thinking about footwear waaaaaaay too much lately.
Are you from those parts originally?
Nope, wife.
I’m from Noo Yawk.
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Charlie sez:
Are you still bullish?
For the time being.
Oil making me nervous, ovah heah.
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Pvejnt