Well, Fuck
I guess you wouldn't enjoy the good days if you didn't have shitty ones like this. And boy, was it a shitty one.
But I still believe everything I have written, and one day does not a bull market reverse. So oil dropped $9.00 in two days; big fucking deal. That is exactly a 6.2% drop, which means that gas, should it drop proportionately, would cost us $4.46 a gallon instead of $4.75 a gallon. If you put 20 gallons in it saves you $3.80, or about the cost of two Sausage McMuffins with Egg or a Mocha Latte at Starbucks.
Annual Savings assuming filling up once a week: $198
Hardly enough to call out the bulls. Fuck it, I'm riding this out.
Plus, we got a hurricane out in the Atlantic. Let's see what that does to the price of oil as it gets near the U.S.
Well, for all of you that took it in the keister like me today here's a little something to cheer you up.
Labels:
Fuck Me
3 comments:
Sucked for me to.
DOUBLE FUCK !!!
I added to my positions in SKF, SDS & SRS after reading your report this morning. I also started a position in QID.
I bent over and grabbed the ankles in ALL 4 today.
Hopefully they will turn around soon.
Hey, man, I agree with you. I don't know what to tell you other than again, if you have a max limit as to what you can lose PLEASE PLEASE use those stop loss limits, they will save you heartache. Second, I think it is a bullshit rally as I outlined. Think abouot it - what has really changed today? Not much, in my mind. The banks are no more solvent because oil dropped today than you or I are, and I know I don't feel any richer.
This is about as volatile as markets get but as for a viable strategy I am hard pressed to come up with one that beats it.
AGAIN - USE THOSE STOP LOSS LIMITS AND ONLY BET WHAT YOU CAN AFFORD TO LOSE.
I will post later tonight after Tokyo opens.
DTS
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