Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Seriously, get a hold of yourselves, take a deep breath, and carry on with your patient and diversified Full Investing Cycle portfolio that doesn’t give a damn about our returns being called transitory. Let’s call these returns REALIZED.
To be clear, I lost money yesterday. My MFO’s (Mucker Family Office) main long/short account lost 32 basis points of my family’s hard earned capital. If I was a Tourist, It would have been a LOT worse. Realized Alpha yesterday was highlighted by:
Oh, but your favorite story stocks got plowed… I feel so bad for you…
I didn’t hear anyone complaining and/or whining about their super fav story stocks from NOV-FEB. But now? OMG, look at those charts. They’re “breaking down” vs. a 50-day Moving Monkey!
Seriously, we all have issues with our stock picks. Deal with them.