You Have An Eternity to be Stupid

Let’s make it interesting this morning, shall we? Make believe you had a fucking brain attached to your skull and had $1 million dollars to invest in the market, where would you put it?

Would you buy a bunch of [[UNG]] and pray for hurricanes, like the horse face that you are? Or, would you buy up all of the banks, after 200% runs? Furthermore, what type of allocation discipline will you exhibit? What will be the maximum % of assets you will put in any one name, 5%, 10%, 20%?

I know a lot of you are just winging it, not paying attention to the minor details that make investing an art, not a science. You need to have barriers and limitations, or else you will get the Jewish wedding in the middle of Tehran treatment, once the market turns against you. I see people blowing themselves up all the time. Some successful business owners make the grave error of believing they can succeed in the market, just like they do in their respective businesses. Big mistake.

You have to put in the work, through studying and reading research/publications, to be a space alien magician. Most of you—not all—should be putting your hard earned money into mutual funds, or have some hedge fund manager run it for you. Most jackasses think learning how to read a few charts will lead to unparalleled triumph over the indices. Wrong. You have to put in the work, you lazy, fat fuckers. Put the cupcakes down and start taking this shit seriously, else find yourself working like a mule, trying to pay for your kids’ college tuition, for the next 20 years.

As for today’s tape:

German GDP numbers were better than expected; hence, we have an excuse to rally. Right now, the market is taking the path of least resistance, via slaughtering the bears and making them look like a bunch of “Simple Jacks.” I see breakouts all over, but will not chase. I have made an executive decision to chill out, like a penguin eating pancakes, until the market corrects 5-10%. Chill out meaning: I will hold no less than a 30% cash position.

If forced to choose one stock, right now, I’d say go long Huntington Bancshares Incorporated [[HBAN]] in size here.