How long do you think I’ll be waiting?
I am not going to waste time, dreaming about fictional scenarios. The Europeans need to “save” themselves, but they’re too scared or stupid to do it. The market is supposed to be a lot lower, but it’s resilient. Although today’s sell off is “sad” :(–I really don’t give a fuck because 35% of my assets are in cash.
I will buy when TLT stops going higher. I will buy, in earnest, when money flees safe havens in exchange for riskier assets. I will not buy ahead of suchness. Instead, I will wait until it happens, then choose my spots carefully.
My current roster of positions is just fine and doesn’t require tweaking. I’ve decided to stick with a few names and average in, if needed. Therefore, there isn’t much to talk about, is there? You may scurry along, playing with fire-bombs and FAZmobiles, things of that nature. I don’t short sell markets that refuse to go lower or that bore me.
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Say .. where is that nice feller who was buying tvix anytime it waz under 8? Think it was booby boucher?
many bears leave with hardly a whimper, when their portfolios go out with a bang.
Waiting for a VIX spike is a losing game, waiting for a VIX implosion is a winning game.
Bobby
A visual representation of what happens when you bet against The Fly:
http://i47.tinypic.com/20z2z49.png
Again, Mr. Fly, my gift to you. Take and use if you’d like.
Still scratching my head over all that “get long, 4% upside explosion coming” bullshit. Closed my shorts and went 30% long and lost.
Why is it hard to imagine?
Yes?
This should rally the base…
Silver just breaking down.
How lucky we all are! As children, everyone wanted to go to the circus each day, and now, as trader’s, we get to do just that. The main events today, under the Big Top, are the Euro Summit, where Merkel has Holande in a head lock in the back room of the hotel as this missive is written, and the Affordable Healthcare Act decision by the U.S. High Court. In addition, Congress will vote on a contempt charge for Attorney General Holder. The Middle East is a mess with Syria, Egypt and Iran, and on and on. If you are a person who likes to worry, you are in heaven.
There is not even a punch bowl to be pulled at this party.
on the other hand, if you are looking for great companies with fat dividends on sale because of the clown show…. it is all good!
Absofuckinglutely
I hate dividends, it’s like a rat pulling a lever for a pellet.
Your life is spent in that cage; cozy but not free.
Obamacare survives as a tax, not as a valid exercise of the Commerce clause.
Exk is inverse QEing me
Just got quoted at 3.625% on my 30-year fixed. Should I lock or play the TLT momo?
Grab it. Just like the Federal Government should refi our debt for ten years at 1.5%.
Are the Game of Thrones books any good?
I’ve read through Book 5… They get a bit long-winded, but I did enjoy reading them. Very good character development
Thanks, I’m going to give it a shot.
Bot C calls. Costanza trade.
Trading the VIXY like a chinese honour (sic) student plays a violin.
12-12-12
VIXY is in a very tight range today 0.5 with a Bid/Ask spread of 0.05+
My complements on your violin playing.
Fly buy EXK? You said somewhere in the 7 ish range that you were a buyer?
JTU subscribe to the PPT. (Then you will already know the answer)
Not buying EXK yet