I recognize all too well that the stock market is at the highest levels seen in the history of the universe…
Yes, I recognize all too well that the stock market is at the highest levels seen in the history of the universe…
But on days like this, I like to sell into that massive strength (driven purely by Greek rumors, naturally). Thus I entered a new short in real estate fund IYR, shown below. Lower lows. Lower highs. Downtrend. Anything that can behave like this in the context of this insane bubble market is a friend of mine.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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