18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,411 Blog Posts

Dicey Open

If it weren’t for national feast day looming, I’d be a heavy seller here. Today we have all of the monsters out of the closet: higher rates, oil, lower stocks.

Cryptos are weak too but there is a stubbornness about this tape that holds me back from committing either way. Truth is, when the market is like this it usually goes higher.

I’ll likely find some stocks to buy near session highs, but risk no more than 10% of my assets, leaving upwards of 40% cash. Since I don’t have strong convictions about the direct, I’ll take it easy until I figure it out.

Down 19bps early going.

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