We haven’t had a down month since May, when we got poleaxed for 6%. Month to date, the S&P is up almost 3%, pushing new highs, despite a slowing global economy. The stage is NOT set for a big down September, contrary to what many of you bearshitters believe. We’ve had two really bad Septembers over the past 10 years, one in 2008, the other in 2002. Both times the markets were already in sell mode. However, right now, we’re hitting new highs, elated with our good President and Federal Reserve champion.
Decadence has never been gaudier. Immediately, send your pets to boarding school and enjoy a hedonistic and perverse lifestyle with your loved one and tell everyone else to fuck off.
I am looking for a small drop in September, nothing too extreme. I thought August would offer bowling balls to the scrotums of bulls, but their chastity belts proved too sturdy.
Into the bell on Friday, I started a big position in MCK. If the market doesn’t sell off this week, I will sell my HDGE hedge and reallocate the monies long. Plainly, there is nothing to fear but Ben himself. If the Fed disappoints at “The Hole”, there is a strong chance of lower equity prices in September. If he delivers, we’re going straight up for the next six months. That is not opinion, small chap, but fact.
Go do some research.