Rumors of the markets demise were wildly exaggerated this morning. My sole inverse ETF has gotten clobbered since then. But no worries, for “The Fly” made contingency plans and bought some more stocks — reducing my cash position to 55%.
Today’s big winners are the big losers for the year — airlines, REITs and other industrial styled names. The trickery of the tape isn’t too severe. If you’re not highly autistic, you can certainly grasp a feel of it and make some coin.
I intend to by 5 more stocks by the end of the day, not because I like the market. I don’t. I actually hate it and the host country. But I am trying to lose money. I’ve been trying to lose money for several months now and can’t seem to do it. I buy the very worst stock, all up dramatically throughout the day, and I end up selling them in disappointment the following day for DOUBLE DIGIT returns.
God willing, I will have my comeuppance soon and really find a reason to start drinking again.If you enjoy the content at iBankCoin, please follow us on Twitter