TIME’S UP

I think investors are finally pricing in the end of the Bernanke era. We don’t know what to expect with Yellen, frankly. Often times these new Fed heads like to make a stand early on and sometimes that stand is negative for markets. Remember, the market hated Ben early on. Just recall Jim Cramer plastering his mug on a box of Uncle’s Ben’s rice and chastising him for “knowing nothing.”

So we are undergoing a correction and it’s unsettling. We have to worry about Asian borrowing costs and their stupid currencies, plagued with run away inflation. And, we need to be mindful of the deep freeze this country is in, due to inclement weather, and how it might affect GDP.

Expect to lose money during down periods, unless you’re hedged or net short. It doesn’t do you any good to lament over paper losses, if you are prepared to make money on the next leg up.

I intend to use the 25% cash that I have now and leverage it to 50% of my assets and get long, BIG, during a high probability inflection point, at which point I will sell into the rally and live happily ever after. The amount of money that I will make during the upswing will far outweigh these petty, petulant, almost pest like, losses. I shall drink from diamond chalices, eating the brains of extinct animals, walking about town wearing long capes, made from dead animals, throwing money at the little children who look like they may or may not need the charity.

“Excuse me Miss, I’d like to make a charitable donation to your offspring. He looks a bit tattered.”

Down we go.