Since I’ve been “flat” on the market, 30% long, 15% [[TLT]] , 10% [[VXX]] . 45% cash, I’ve been as happy as a pig in New Orleans. I don’t know about you fuckers, but this business grinds you down until you feel like going postal on people. Most of you cannot share my sentiments because you are either too young or too damn small to matter. Truth be told, over the past 3 years, this market has taken 10 years of my life, via stress and silent strokes and shit. I may not reveal my true emotions to you fuckers, because that shit is gay. But know this: I take my job very seriously and would rather forgo upside, in favor of safety—especially if I thought there was a risk to the market— every fucking time.
Some of you have such small brains. Frankly, you remind me of small dogs or pitbulls, with all of your herky-jerky mannerisms. Let’s take my position in [[TLT]] to task, shall we?
I am down a STAGGERING 1.8%, after dividends, okay. Forget about what you believe will happen to long bonds 6-12 months from now and look at the recent performance. Although you may think they are getting crushed, they are not. In fact, considering the amount of speculative fervor out there, I contend, [[TLT]] is behaving exactly as it should—counter-risk. Should the market dip, mark my words, [[TLT]] will outperform. So, it is a hedge. Get it? Good.
Granted, the [[VXX]] thing was just stupid. But, keep in mind, I did not think the market was going higher. So, essentially, I called the market WRONG, but ended up MAKING money, during this recent melt-up. How did I manage to do that? Very simple: proper asset allocation.
My long positions more than made up for the decline in [[VXX]] , AND MORE. With [[TLT]] basically flat, I managed to squeak out a few percent to the upside, despite calling the market wrong.
Hence the term applies: “The Fly” wins all the time, even when he is losing.
On a website related note, I am bringing on a good friend of mine, Mr. Bones, who will school you piker brokers how to raise big money. I know the site has big viewership amongst America’s finest brokerage houses. And, sadly enough, most of you don’t know how to properly grow your businesses. Mr. Bones will attempt to school you on how to acquire large assets.
With my money, I am digging the action in [[TAN]] and Brocade Communications Systems, Inc. [[BRCD]] , while rooting for the bad guys to grow some balls and bring this sucker down to the ground.
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