Without question, Walmart’s horrible quarter threw a wet towel over the fiery heads of investors this morning. Couple that with the BREXIT fears (UK leaving the EU) and there is good cause for consternation, following a decent sized run.
Nevertheless, crude is higher and losses are somewhat manageable, at least in the early going. I will not sully the good name of this site to make bold predictions about the price action of the next 5 hours or so. Instead, I will reiterate my belief that the market will rally through April. Furthermore, the lion share of losses to come will commence from May through November, turning eager investors into landfill.
My SPY sales, which constitute 75% of my holdings, will begin early next week. A full schedule of my sales are posted inside of the blog section of Exodus. The other 25% of my assets are in long dated U.S. treasury bonds, via TLT–which has the dual purpose of providing me with income and stability against harrowing stock market losses.
It’s simply my belief that 2016 is not a year to be bold. Instead of running the fields like a lion after its prey, you should be the mouse, scurrying about the baseboards in search of crumbs.
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Depending on your size, a crumb could be a full meal.
Favorite motto, “Early bird gets the worm but the second mouse gets the cheese.”
Grandma Yellen is chasing Remy through her house with a double barrel shotgun.
How much capital do you manage currently?
Full disclosure I manage 6 thousand, a greyhound, baby, and wife.
Au contraire, this is not the time to be the first mouse, but the second one. ‘Cause it’s a trap.
Nymph Take…Brexit is just getting deal tomorrow to take to the voters this June. After the Merkel/Cameron Love Dinner last Friday, there will be something even though France is being a bit of bitch today. Yet, even with a deal, Britain Voters may say screw you EU we don’t want to be a part of you especially if Draghi goes QE crazy at March Meeting. For Oil, ouch EIA was so much weaker then API. For this Central Bank BoJ rally that started with comments out of Japan on Friday. Yesterday Abe was saying that the G20 has to come up with a coordinated plan next week, rofl. This Photo Op has to actually come up with actual ideas to save the world. Will be fun for this Bear.