No jobs? Not problem.
Bad economic news? No problem.
Lousy housing numbers (announced as I finish this post)? Absolutely no problem as surely the Fed will rescue us all with yet more heroin or rather more monetary accommodation for those Ivy league MBA's out there.
This is how it works until one day it doesn't. Then Cramer will come out crying on the propaganda network claiming "they know nothing" so that the Fed truly knows that they must ride to the rescue and save stocks.
Regardless, whatever you do just remember to keep buying stocks. Not just any stocks as that would be reckless, so buy defensive stocks, dividend payers. Yes, they will outperform. Can you imagine crumb chasers recommending anything other than cutting yet even more slices of cake? Can you imagine a crumb chaser to tell you NOT to buy stocks. That the market might eventually trade down? Can you imagine a realtor-in-chief Lawrence Yun ever telling you its not a good time to buy a home? Neither can I.
Yes readers cash is never an option for these shills. The unspoken rule is that cash is useless. Useless to whom is what should be asked instead. You see you must always buy something or they cannot survive. Cash pays no commissions, cash pays no fees, cash in your account will not service their club membership, Sea Ray payment, Porsche payment nor their trophy wife.
Pay attention when your advisor recommends cash. Contrary to most on Wall St. who equate recommending cash with being stupid, or with being devoid of ideas, it may actually mean your advisor has your best interests in mind. Here is a novel concept fiduciary responsible, not that Wall St. would hire anyone that could spell the word let alone know what it means. They're too busy looking for Ivy league genius' who know that 2+2=6.
I was stopped out of my IBM short this morning at the opening and thus far high tick of the day 167.91 for a loss of 1 3/4 pts on 1 unit.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60