Stocks Fall: Told you So
We've been pushing a large cash position and suggesting you load up on the iPath S&P 500 VIX Short-Term Futures ETN (VXX). The proof can be read in Where's the Volatility?, U.S. Equities: Not Buying it for a Dollar and Feels like a Correction is Coming.
As we said a few weeks ago in the articles listed above:
- The latest patch job has been completed with Greece. You buying it?
- Today's tape feels like the calm before the storm. The only winner today is the VXX. Time to get Cash.
- Use caution if you have long positions. The majority of the Masters are going cash today, to the tune of 90%.
- The only weapon of choice today is the VXX.
Bottom line: Mastery called it. If the jobs report due out later this week is bad expect the trend to continue.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Buy The Drip: Thousands Of Gallons Of Oil Spill Into Ohio River Upstream Of Cincinnati | ZeroHedge
- Are You Looking to Go for a Pro? | iBankCoin.com
- Le Fly Has a Message For All of His Readers | iBankCoin.com
- Rocky Mountain High | ZeroHedge
- Ferguson Tonight: Peaceful Marchers Chant "Hands Up, Don't Shoot", Several Arrests, SWAT Rolling Out - Live Feed | ZeroHedge
- Daily Scorecard | iBankCoin.com
- Wrestlers Trying to Make a Comeback | iBankCoin.com
The most relevant financial news and articles from the Internets
- Here Is Rick Perry's Mug Shot | Business Insider
- Mara Wilson Openly Grieves Robin Williams' Death: 'We're All His... | Business Insider
- Amazon's Hit Man | BusinessWeek
- Here's How Many Games Vegas Thinks Your Favorite NFL Team Will Win This Season | Business Insider
- Ocean City, Md.: America's Most Affordable Fun City | BusinessWeek
- The iPhone 6 Could Come With This Feature Android Phones Have Had For Years (AAPL) | Business Insider
- Roku, Which Makes The Best Internet TV Experience You Can Get, Just Released Its First TV Set | Business Insider