It was a tumultuous day, one of extreme volatility, as investors sashayed between fear and greed. It ended poorly, with the Nasdaq ABSCONDING with its gains into the close — ending down 33. HOWEVER, I get the sense this set up is designed to reduce the morale of men like DAVEY TRADER PORTNOY in favor of men with property.
Le Fly partook in a bit of a gambit today, delving into the unprofitable world of REITs today. I sojourned into it with my eyes wide open, but have hopes of massive amounts of greed taking place soon.
Here were my closed out trades for the day.
I am presently 60% long, 40% cash. My longs are EXTREME gambles in mortgage and REITs and one retailer. I am doing this because I believe there is more bounce to come. If I am wrong, I will quickly stop out and shut the fuck up.
As a man of property, I expect all of you to pay rent or be evicted. Furthermore, I expect new laws to be enacted forbidding those without land and title the right to vote.If you enjoy the content at iBankCoin, please follow us on Twitter