14,000 or Die

When the Spanish bailout news hit, Dow futures sprang forward by 200. Since then, the mood has moderated and we’re looking for a garden variety 70 point uptick. I’d like to think 70 points is good enough and say “you don’t want to rally too hard, too fast, else you might burn out”; but that’s a crock of shit.

It’s very nice to see we stopped going lower, always a luxury to be enjoyed in finance. But now I need a target.

I like the idea of 10% higher from here. Most of the stocks I am looking at, compared to their historical ratios, are trading at a 10% discount. Naturally, they are pricing in some sort of apocalypse, so it’s to be expected. Nonetheless, earnings will matter, eventually.

It just so happens, at this moment in time, I have an ideal melt-up portfolio. I am balanced amongst many different industries, heavily weighted in my ideologies. That’s  the best I can do.

For those of you with weak hearts and nerves, now is a good time to take some profits, or reduce exposure. It’s been a rough spring, and before you know it, hurricanes of historical precedence will be fucking shit up across Ragin Cajun land. Not everyone is cut out to endure fistfuls of anthrax to the face like Senor Tropicana. Go chill out somewhere and vegetate.

I’ll be busy building the next iteration of my time machine, scheduled to launch this summer.