I know you were rooting for the 3 o’clock rally, desperately trying to salvage the first trading session of 2016. But you only played yourself, made yourself look like an orangutan with a banana in his ear.
The fucking Chinese market fell 7% in 7 minutes last night. Communist officials are “disappearing” people on a daily basis. Commodities are in the pits of hell. And there is approximately $300 billion in oil and gas debt that can go bad.
And you want to buy stocks because…?
Someone needs to tell you this; it might as well be me, HORATIO CLAWHAMMER.
Stocks aren’t done hammering lower. Get in their way, and it’ll be your face that gets the hammering. Your best bet, for the time being, is TLT. Go chill in some treasuries, collect monthly dividends, and watch some Netflix, as that stock careens lower.
Two thousand and sixteen will be the year when FANG (Facebook, Amazon, Netflix, Google) gets poleaxed.
“We will trade the ranges, without emotions, and avoid outsized positions in lunatic industries.”
Go write that 100 times, or until you start to believe it.
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Can’t we have some fun until the ISM services number on Thursday?
P.S. those are not the long bonds you are looking for … Obi Bond Kenobi
Long TBT
Respectful of your position over the next month.
Commodity Bubble Ripples take forever. Our Shanghai Copper Bubble SO popped, yet no world wide panic at all yet. China Govt really will take a bad financial hit if they try and stop the bleeding tonight. IMHO they should go all crazy and say, “we are going to shut down all polluting factories until after their New Years Celebration, We are going to crash the market so you can have better health.”, “Low Yuan good for our exports”..”hedge fund manager please report to local camps”.
Fly – I once considered you a perm-bull but now RampCapitalLLC is the only guy I feel is worthy of that title.
Great advice sir. I have many angry fellows on the GroupMe balls deep in Biotech and FANG for whatever Masochist reason they cling to.
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Le Fly, did you not buy the oversold signal on PPT this afternoon? Wasn’t that your 2016 plan?
Please keep Exodus talk inside Exodus, out of respect for paying members.