Big opportunity lost for shorts today. It’s a Friday and war with Iran is imminent. All sorts of red flags went up due to the bond market and Morgan Stanley’s economic indicator casting a grave pall upon the forecast of this economy — and yet we could not even drop by 1%. What a shameful disappointment.
I will have you know, I have zero hedges and considerable long exposure, but in old man value names, hardly any great. I own some of course — but the majority of my bounty is conservative — because lower yields is a boon for high divvy plays.
Not much else to say other than ‘watch gold.’ The strong dollar derailed it of glory today, but there’s always tomorrow.
With that feather in my cap, I bid you a good weekend.
NOTE: Please say a prayer for an expeditious sale of my house, so that I might become a southern gent, post haste.If you enjoy the content at iBankCoin, please follow us on Twitter