Raising Rates is Madness

So the economy collapsed by 2.9% in the first quarter–absolutely hilarious. I am telling you it was the snow. Anyone who lives in the United Steaks knows full well that nothing moved during the winter. It was that bad.

So here we are, post apocalyptic GDP revision, and the markets are up. How frustrating, if you are a bear.

The refiners are getting knuckled down because we are now allowing crude to be refined outside of the US. I’m not sure if this is a one day event for the refiners or not. Either way, I have no interest in adding to my ALJ position. It’s a good thing I didn’t buy more of it. I was very tempted to buy more of it yesterday, but held back because of how weak the stock was acting.

It’s a mixed tape. Once again, silver and gold are rock solid. Oils look pretty good, especially transport plays like GLOG and GLNG. Select chinese stocks are ripping, like TOUR (I was gonna buy that too).

Truth is, in case you haven’t noticed, I swapped out of my conservative ideas–back into high beta stocks, in an attempt to make it all back, sooner rather than later. This might set me back a few months, or expedite my return to grace. It’s a rather high risk move on my part, especially since I was doing so nicely. But I get the sense this market isn’t done going higher, so I intend to milk her for all of her milk–as rapidly as possible. I’d attach machines to her nipples and draw milk 24 hours per day, if I could.

Oh, by the way, forget about raising interest rates, whilst the economy is clownishly falling by 3% per quarter. You people make me sick.