We are seeing a real divergence in the market today, with mainstream stocks getting hit and low brow, under the radar, degenerate stocks ripping higher. This has all of the wonderful trappings of a market top, at least in the interim. You’re probably wondering why I am not selling stocks. The answer is quite simple, almost infantile.
Well, I have a bit of an issue selling out of my large cap holdings in BBBY, MA, GNC and others, just to raise cash and leave me stranded with a bunch of lunatic biotech names. Believe you me, I love how these mad cappers are trading now and feel as if I were bullet proof, as if I could literally punch a hole through a subway car and rip people out from their “decadent seats.”
But you and I both know, this isn’t going to last. It never does. The market will top, fantastically, and begin a decline that will utterly crush the souls of those leveraged to the hilt in low brow stocks. During my illustrious career of ignoring new business opportunities and not cultivating important client relationships, each and every time I got caught holding the bag— it was a bag filled with feces.
These are the decisions you are faced with today: raise cash and wait for the dip that never comes. Or, continue your reckless buying spree into illiquid hobo stocks. Or, do the opposite of what everyone else is doing and bore yourself to death by buying some MA, GNC and BBBY here, do nothing whilst all of the cool kids make bank in a wide array of lottery stocks.
I am very happy to report to you that I have zero cash, leveraged at 140% of assets (a new record!!!) and own a pastiche (no homo) of large cap names, nicely paired with several, mind you, ghetto stocks, which has resulted in an intra-day gain–thus far– of 2.3%.
(tips hat, runs over homeless man with 1980’s style stretch limo)
If you enjoy the content at iBankCoin, please follow us on Twitter
FLY rotate into emerging markets, the shift is upon us.
I like ag too, MOS, LNN, POT etc.
What names?
I’m playing broader indices. GFA out of Brazil looks nice. Yeah MOS looks bawse.
How about a little OIBR?
Bought last month and holding. I like it although I am underwater by a few points.
Emerging markets, good idea right now:
VWO (-10% over the year) which should catch up to VEU (at multi-year highs). Even SA wrote a glowing article about VWO yesterday.
I have not had a good month in the markets and it besmirches me to see others doing well during that same period. Bah humbug.
A great man once said “a loser is a loser and you are going out…good father? fuck you, go home and play with your kids.”
I don’t go to bars and I don’t have kids so I guess I will just take the dog for a walk.
…and you know what you all be saying, bunch of freaking losers, sittin around a bar, “Oh, I used to be a closer once, tough racket”
1900 or buss
When will people know how cool splunk is
when it does a hundy roll, you impatient bastard.
I went mainly to cash after booking profits. I don’t know what to buy up here. I’m thinking HSBC.
I’m in my largest cash position in awhile. I would not mind a pullback.
it was 12:25am last night and as I was getting ready to go to bed after the cub finally passed out, my floor felt dirty and I proceeded to mop it. Hot water with some scented cleaner and a capful of bleach in the bucket. I thought of you approving of a clean floor while doing it. The pleasant beach ocean smell with a tiny hint of bleach so you know things are sanitized.
“When the world gifts you a bag of feces, check that bag with United Airlines.” — Old Romanian Proverb
It probably would not get thru TSA…
Take a look @LGF, will rip due to Divergent.
VXX calls might work here. or go to -0-
Fed head thinks so, too….http://www.marketwatch.com/story/feds-fisher-raises-concern-over-stock-values-2014-03-05
extremely high cash for me here .. might be till summer.. need rest