The Show Has Begun!

Believe me, I am not getting out of my seat for this show. As a matter of fact, I might sleep through the moderato, as it bores me. The market will hem and haw, between the true believers and the non, for as long as they can—until capitulation. At that point, I will wake up in raucous laughter, praising the one and only King, Mr. O’bama. Remember, I am not here to please you, only to justify your existence through having you read my missives.

Breadth is stridently dreadful today, which should lead to a late afternoon drop off. However, being that just 10% of the trading volume is done by the will of the people, I have no real edge on what the robots fancy past 3pm. Perhaps they will let the markets sell off, just to establish a certain “look and feel” of authenticity. I know it is one big joke, casting out this market as a scam on a daily basis. It’s easy for those on the winning side to sit and cheer “Woe upon you, sour grapes.” But you’re not seeing the big picture, as your tremendously large head disallows any revelation of reason. This market that we participate in on a daily basis is unhealthy, on a personal and macro levels. One day you will remember these words, especially during your triple bias surgery.

Into the final hours of trade, I am long on patience, short on cement heads.