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
- GOP Healthcare Bill Rebranding Begins | ZeroHedge
- Did Erdogan Just Hand Rutte The Dutch Election? | ZeroHedge
- Priebus, Price Blamed For Healthcare Failure: NYT | ZeroHedge
- "Much Worse Than Watergate", Former CIA Officer Admits Trump 'Wiretapping' Likely True | ZeroHedge
- Don Coxe on Brewing US Pension Crisis, Stimulus vs. Rising Rates | Financial Sense
- "If They Want To Blow It Up, They Can" - How Republicans Can Hobble Healthcare Without Repeal | ZeroHedge
- Should We Pay Off $20 Trillion in National Debt by Selling Federal Assets? | Financial Sense
The most relevant financial news and articles from the Internets
- There's a gaping hole in the... | Business Insider
- There's a strange corner of the internet that loves to look at... | Business Insider
- Elon Musk: The new Roadster will be Tesla's... | Business Insider
- How a mid-season, NCAA-style tournament in the NBA could stop players from skipping games | Business Insider
- Here's how you're told by the President you've been awarded... | Business Insider
- TV ads thanking Republicans for repealing Obamacare aired hours after the bill was... | Business Insider
- CREDIT SUISSE: Here are the 'danger signals' we're watching that... | Business Insider