MORON

If I’m being honest with myself, I’d have to admit that the market has been in a bifurcated bear market since early 2014. Remember the old ‘bubble basket’ ordeal and how 100+ high growth stocks got taken down by a mere 50%+ last year? Or how about the total and complete destruction of the commodity sector this year?  Do we even need to talk about retail, shopping mall stocks, or global growth industrials? Anything related to BRIC is death. I bought a little EGO, to hide in gold, and that motherfucker is down 10% today because one of their Greek mines were shut down by that bastard government.

So what has worked?

Biotech, other healthcare related names, cyber security?

That’s fantastic. Get long the pre-revenue biotechs and companies who police the internet for criminals. This is what our investment world has been reduced to. No longer are we able to buy MSFT, DELL or even GOOG early stage. By the time XYZ is worth a lick, fucking Fred Wilson is doing another round for his private Venture Capital investors and then bringing it public at 100x sales. The only shot we have at outsized returns is buying distressed stocks, derivatives or pre-revenue biotech–hoping for an FDA approval.

Let me repeat that again, so it sinks in.

The only shot we have at outsized returns is buying distressed stocks, derivatives or pre-revenue biotech–hoping for an FDA approval.

As per the title of this post, I think it’s abundantly clear that a super strong US dollar, accompanied by a macro-slowdown in global growth, isn’t exactly what American companies need right now. As such, Janet Yellen would be remiss not to see these early warning signs of wear on this market and the overall integrity of the US economy. Moreover, and I write this with emphatic intentions, if the Federal Reserve raises rates now, as worldwide growth recoils from the commodity collapse aftershocks and Chinese implosion, Janet Yellen and her cohorts are nothing less than first class morons.