I don’t care about stocks, at the present. Having a cash position of 100% is somewhat liberating. For all you know, I could be on the corner, playing an accordion, while drinking canteens filled with Italian red.
I see the market. It’s going up and down, back and forth. Fuck off stock exchange: “The Fly” is busy with more important shit.
I’ll give you little gremlins a hint: watch the dollar. For some odd reason, treasuries are being murdered, cite TBT, and dollars are going along for the ride. Traditionally, this (a weak dollar) is good news for stocks. However, being that the Chinese are worried about their investments, one might become afraid or frazzled of a run of sorts on the U.S. dollar.
But you fuckers don’t care, do you? Go ahead, keep buying AAPL and FAS.
If forced to buy stocks, I’d explore healthcare, specifically CI, UNH or HUM. I am not impressed with the rally in bank stocks. But, the resurgence in the insurance sector is worth watching. Instead of rolling the dice with AFL, MET or ALL, I like the etf KIE, which holds all of them.
In short, enjoy this little bull run, for it will not last too much longer. And, bask in the glory of iBankCoin, as we celebrate serving up over 10 million hits, in little more than 1 year.If you enjoy the content at iBankCoin, please follow us on Twitter