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I covered my big ETFs this morning and a handful of individual positions, dialing back my commitment from about 180% to 120%. Looking to re-enter at better prices. In the meanwhile, let’s contemplate a few of life’s virtues. Maybe pick three to think about today!
Well, this is a hall of famer right here. Two months ago, I declared of seems-like-it-was-a-fraud-after-all Nikola Corporation that “I’m thinking we’ve got a top:”. Here’s what it looked like at the time:
Early this month, right near the market’s lifetime peak, a well-known Sloper left a comment that essentially admitted that, based on some long-term metrics, the market was still a good value, and it made sense that it kept getting bid higher.
I just about leaped through the screen to strangle the chap. “They got you! They got you!” I felt like I had lost a child to a cult leader. I don’t remember who it was, and I’m not going to seek it out, but I remember being vaguely disappointed.
My own opinion – – surprise! – – is wildly different. I think the Dow’s true value is much closer to 0.00 than 30,000. I am thus heartened to see equities continued to bleed out. as the RTY minute bar char indicates.
Artist’s conception of the Boeing 737 MAX design process (photoshop via Hiking in the Light).
(more…)My arm hurts.
Who cares, right? (Actually, Slopers are a gentle-spirited lot, and the last time I mentioned this, I received a heartwarming amount of personal attention and counsel). I only mention this to offer up a small point that’s been bouncing around my tapioca-filled head.
As I’ve stated in the past, my disposition toward my health has two states: either I am immortal, or else all life is about to end. The latter appears in instances in which I am experiencing any kind of pain whatever.
Over a period of two or three weeks, I’ve had pains in my left arm and the left side of my back. The pains have been diminishing a tiny bit every day, and today I actually feel closer to normal than I’ve been for a long time.
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