We all had a lot of fun, didn’t we? The market was giving us money each and every day. The shorts were being shot from carnivale cannons and the champagne corks were popping off like firecrackers. All of that may be about to end, if only for a short while.
Many of the risk on names that I monitor and own are getting their faces lit on fire this morning. Granted, this could be a short term phenomena, a Haley’s Comet of sorts. Or, this could be the beginning of a much needed market correction, to wash away the excess.
When I say “wash away the excess,” I am speaking of you, directly. Too many of you market novices are banking coin now. It has provided you to obtain a reprehensible form of hubris, often found about the trading pits of Wall Street. When this bravado, this sense of invincibility reaches a feverish pitch, your brains will be blown out.
“If a correction is coming, Fly, why the fuck are you still fully invested?”, asked the bipedal primate reading iBankCoin.
The binomial name of the species in which I belong to is called Homo Notgiveafucktis. Ergo, I dive headlong into the concrete surface below, hoping to crack my skull into 10,000 pieces.
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You’re like the Hunter S. Thomas of financial blogging
That’s a supreme compliment. Thank you.
+1 (Thompson?)
I’m reading Fear and Loathing right now and I agree, financial Hunter S Thompson but with less mescaline and more vocabulary. So who is the Fly’s attorney? That would probably be one scary person.
Pyro
Read Rum diaries. Awesome
Ill read that next ! Awesome.
+1
Summer is coming! Otherwise, nothing has changed. This is but another dip that makes things attractive.
Hilary 2016!
Maybe I’m wrong in the head. I’m so frickin bullish right now I can’t stand it. Taking in crates of CYBR.
+1 to the Dude
Still seeing too much doom on the internet. I think the market can go a little higher
Admittedly I have no idea how to use the Fib time series but I just noticed one I created on the SPY monthly starting near 2000 peak and next point in 2007 peak lines up with a peak right about now so… just changed 401k balances and future contributions.