My goal for October is to make 5%. This morning we have a wild market led higher by tech and all of the beaten down trash stocks catapulting higher.
I want no part of this ribald display of greed and lust. I’ve gone to cash and will now read a book. My quant is fully invested and will take part in any further upside ejaculation. As for me, I intend to content myself with the 60bps of gains for the session. I might nibble a bit later on, or perhaps end of session. The point is to book a solid October and not permit greed and vanity cloud my judgment.
Yes, markets look good. Currency is down, bonds up, commodities moderate, oversold tech screaming higher.If you enjoy the content at iBankCoin, please follow us on Twitter