If you notice, I am purposely opting to avoid selling short, even though I think the market will trade lower. I am trying to remain focused here and not get caught up with the mixed emotions of being both long and short at the same time. For the day, I sold a little more, upping my cash position to about 45%—putting my current allocation at 45% cash, 45% equities and 10% treasuries.
The [[TLT]] trade is a very simple, low risk, bet. Essentially, it’s like cash, but better. If I hold it long enough, I will receive dividend payments. And, should the market get raped by zombies dressed in burlap, it will appreciate. Unlike past markets and trades, my current strategy revolves around lowering the beta, in order to preserve assets, so that I can buy stocks lower.
That’s the point.
As the European cow-fuckers trash their own currency, ours will appreciate, essentially making [[TLT]] a “safe haven.” I realize this is a 180 degree reversal of my previous prophecies. However, the future is always changing; therefore, I must change too.
Top picks: [[TLT]] , [[DRR]]
Go eat a buffalo chicken burrito.
I was thinking about making santa claus the new pope. They both have a lot in common.
Pope is emperor palpatine.
FACT!
I will be speaking with your mother.
____
Huggie
Will do
Excellent
I may just setup a gravatar over the whole thing…
How long can a poor man hold out.
People are still jacked up on their homes. If Feds raise rates, down goes another homey trying to keep his house. We need jobs, and I mean quick, or our governent just threw a bunch of money out the window for the heck of it.
Recoveries start when unemployment is high. Patience is required.
FIG
I am now a believer….the Fly is one smart, crafty fucker.
IIIIEEEEEYYYEEEEEEEEEEEEEE!! to the FAZmobile….this time I will listen…I promise.
I thought TLT went ex-divvy?
what does that have to do with the price of hair in India?
Because you said you could potentially collect a divvy on TLT.
Besides, I heard they were holding hair tankers off the coast of Singapore. Those crazy speculators…
so do you assume I will not hold until next divvy payment?
TLT goes ex-div every month. It’s next one is beginning of March.
” For the day, I sold a little more, upping my cash position to about 45%…”
What did you sell? Didn’t see it noted in PPT.
random sales. not of big importance.
20000 tlt today and a bunch more yesturday and that is 10 percent? Fuck. Most of the retards here have 20 grand total!
you know not of what you speak.
John-
There are different kinds of people here with varied account sizes. I think the small players are fortunate that genuine skilled traders and managers are posting here and in the PPT.
I’m glad I found this group and subscribed to the PPT.
Take care.
Fly,
Do you still see dollar weakness as a longer term play? I believe it’s the only option over the next 2-3 years. Dollar could strengthen further here and treasury yields could sink short term, but I don’t see it as a sustainable trend.
Eventually, the dollar will trend lower, just not yet.
John
I manage money professionally.
I concur Fly.
You professionally manage money very professionally.
Change is good, got any?
In DC they got some “Change you can forget about” ovah theah.
fid
I am interested in seeing how your strategy pays off but I’m not following it.
I shorted a few puts, just rotating out of underperforming crap like DRYS.
Very small losses as time value on the short puts ate most of what I would have lost.
Essentially did nothing, time to go eat a burger.
THIS IS NO TIME FOR A BURGER.
perhaps a chicken-cheesesteak-hoagie
Black smoke? Is the Fly a fan of Lost?
Never saw that chick-show. “The Fly” watches real shows, like Supernatural and 24.
I’m not on for another 6 days… Damn it!
spelled my name wrong, Damn it!!!
lay off the boose keiffy.
No, silly, the Fly is obviously preparing to elect a new Pope.
It remains to be seen whether this will be a Vatican coup. I’m told those red slippers are a lot more comfortable than sandals.
__
impeccable stock market advice, wildly entertaining commentary, wu tang clang one day – nelly furtado the next, what more to ask for? LOL
Fly, do you like SCO around this area?
Yes.
Not to get off subject but Nelly has a nice booty!
Why don’t you expound on the reasoning for your newfound bearishness. I understand the new strategy, but not clear on what resulted in the change of heart.
Also, how much of a correction are you expecting and do you have a predetermined point where you will buy back in.
That is all.
100% agree.. Not time to short just yet. But we getting fucking close!!
Fly you better watch your ass buddy. This guy was wearin blue burlap coaches shorts
http://www.thedirty.com/2010/02/21/67-year-old-kicks-some-ass