This Yellen testimony is so bad, it’s a victory that the market isn’t down 300. Well, technically, the day is young, so anything can happen.
Nevertheless, I like the fact that stocks aren’t down 300 after Yellen projectile vomited onto my television screen.
I added to my SPY position, hoping for a late day rally.
In the event stocks do go down 300, my TLT should offset some of the SPY losses. And, I still have 25% in cash.
If you enjoy the content at iBankCoin, please follow us on Twitter
added to SPY?
thought you were out of SPY
http://ibankcoin.com/flyblog/2016/02/09/that-rally-failed/
Odd day with TLT/TLO up, and stocks up too, though equities are much higher on a relative basis for the day. Something has to give; minor relief rally for the next couple days possibly? Who knows…
lol i love this website
Holding longs, not sure if I’m going to buy more. It can go either way for sure.
what happened to the Ark !?
Fly still has one foot on the Ark with his TLT & cash. But one foot off of it with his SPY.
SELL THE RIP
Makes sense at least until China starts trading again.
Lots of people leaving the Ark. I think I just saw Gartman on the promenade deck. He had his hands full of those mini shampoos and conditioners.
The TLT is clearly a winning position. Why wouldn’t you add to it?
who hit the pause button on the death spiral
Red rain. comin down. Red. rain.
The man installing my HVAC unit in my office today told me that QE is a joke.