Sure, why not go up a hundred today?
When insanity prevails, reason is discarded like an old banana peel.
For the most part, “The Fly” is not hurt by today’s melt up. My FXP purchase was all done under $71 and SKF is up, mainly due to financial stocks blowing pole.
Unfortunately, I am not a big believer in this rally—considering how dumb and foolish Mr. Bernanke’s beard looks.
But, I’m not selling anymore tech or ag stocks. My only form of defense will come via FXP or SKF purchases. If “The Fly” were to” sell it all,” and the market went higher, he might be forced to sell hot pretzels or knishes, on a filthy NYC street corner.
With my money, I like the oils, ag and networkers, limited to CSCO, JNPR and FFIV.
And, of course, I will use this rally to buy more FXP.