Markets Soften into Closing Bell; Le Fly Enjoying Life in Cash

Stocks are softening in the final hour of trade. But energy related stocks are still up sharply, as WTI presses its gains to almost +5% for the day.

I’ve been sitting out the whole rally, 75% cash, 25% TLT, and loving life. The fucking stock market has been nothing less than an emotional albatross for me for nearly 20 years. While my gains are only 1% for the year, the peace of mind I’ve enjoyed during this time as been priceless.

Some of you are probably wondering “what the fuck has gotten into Le Fly?” I’m not entirely certain, to be honest. I’ve been doing the same thing for two decades, professionally managing money for others, being a slave to the market. I just, sort of, woke up one day and decided to do something different. My truest passion lies in the creation and maintenance of Exodus, as well as producing content for iBankCoin. The process of creation is mesmerizing to me, as opposed to the wheeling and dealing of trying to decapitate enemies in the market.

I’ll wait until markets flag oversold. I’ll buy back in when the easterly winds howl again, people strewn out, spread eagle. I am empirically confident in the Exodus algorithms and will enjoy the time, from now until then, walking the halls of iBC, gawking at the pictures, chuckling at the mistakes of the Third Estate being played out in real time.

As for the markets: they seem fine. I see no reason to worry just yet. Markets should do well until late April.