Big day for markets, with stocks closing at session highs. Bears were dispatched and hideously disfigured after this morning’s head fake.
Markets feigned weakness, then exploded to the upside and never looked back.
All of the risk assets were higher and bonds were lower: a good day.
I stepped into today fully invested, 75% SPY, 25% TLT. Although my combination didn’t yield FCX type returns, I now find myself without loss for the year, flat at a time and place when destruction is festooned all around me.
Going forward, I expect greater rallies. For now, barring a resumption of negative newsflow, markets should proceed higher through April.
You doubt this prediction, because you’re part of the mortar that has built a wall of worry. Bull runs are fueled by such things.
Don’t be stuck in it. Climb it.
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my BIS is up
80.22%
who would have thought 3 years ago SHOWTIME would have
a position up 80.22%
havent sold a share
Ell-Oh-Ell
Assuming you bought August 6th [which gives makes you +80% as of today’s close] that means you were up 110% just a few days ago.
Don’t get plowed in your bias. I went long Jan 20th with loads of March calls and got plowed on the second dip, never selling because the rally just had to be around the corner. Maybe it is now and that will help, but I sure wish that I sold when I was up 40% rather than waiting for 400%.
have been adding since May
yes it was over 100 last week
the point is the bubble broke
once bubbles break that’s it
56 to 46. What the fuck are you talking about ?
% u schmuck
shorthand is necessary to be a cool talking trader. keep up.
Putting on my Jordan jersey as soon as I get home.
David Tepper is my new best friend, since KMI and ETP are two of my top 5 positions.
Berkshire just announced a stake in KMI. 26.5MM shares as of Dec 31st.
I’ve pledged to have Warren’s love child.
Manhandled.
Love,
The Grammar Bitch
Ah, Ninja Edit. 😉
Fly your gonna make the tradingnymph cry…..
IMHO, you should be festooning your portfolio with discount TLT shares. While bear market rallies are inevitable, there are plenty of head fakes as well. Proceed higher into April? Maybe so, after the next flush…