Good morning lads.
So far, so good at House Fly. The repairmen are streaming in and out, fixing shit, taking my money with reckless abandon. I’m trying to focus on trading, but am too distracted. Lots of risk off action in tech and SAAS and other momentum oriented names. Perhaps there’s some room here for some downside pin action; but I wouldn’t bet on it too greatly.
The safe havens are now found in high divvy stocks, REITs and of course gold — which provides you with the added hedge against Zimbabwe styled inflation. We have a bull market going in gold and nothing can stop it, as long as the Fed is intent on lowering rates. Just yesterday, former Fed head Janet Yellen confirmed that the Fed should, in fact, lower rates — destroying any notion of independence at the malevolent institution. Maybe this is all a bargaining tool against China? Maybe not. One thing is for certain, lesser men sell gold and silver here.
Into this decline, you’d be wise to pick up some of your favorite SAAS stocks and a little gold.
Good day.
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what is SAAS??
BTW, I sold gold as I have limited funds and I try to go for the fastest horse. Today; TWTR. close to Friday low but will not go higher than Friday. Play it all day long.
BYND; fucked up. it came down to where it broke out from ; say 201-202$ and then shot up. damm; should have known but too many things happening (hey bronz28 idiot; did you ever hear of AN ALARM?? FUCK!!