Everyone loves V-shaped recoveries, even bears. They get to be executed in a timely fashion, the bulls get their money, and everyone is pretty much accepting of the notion that stocks are not to be trifled with. But these long, drawn out, grinds are what everyone hates. They toss and turn, scrape and skid, until your portfolios are nothing but magic fairy dust.
This is the worst market ever, a denizen of torture.
Look at today’s mess: +150 but just 59% of stocks are higher. Moreover, my Bubble Basket, neatly tucked away in Exodus, is down for the day. In other words, good companies are having their shares sold down, due to valuation, while other shit lifts. I am sure I could easily find out what other shit is trending, but why bother? By tomorrow, that shit will be lower and the Bubble Basket will be higher, and vice versa, for infinity, until everything is ash.
960 stocks are OVERSOLD in Exodus today. The overall hybrid has broken through the floor boards and is now testing new levels of OS, the likes I haven’t seen since 2011–all the while our President is closing on a deal with Iran. How wonderful.
What will drag this market out from its funk?
For starters, the god damn absentee Fed Chief can come out from hiding and tell people she’s not gonna raise rates during a fucking panic.
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But she wants to raise!!!
No one can predict this crazy market. For all we know, she might raise in September & the market might go straight up afterwards. The market makes no sense. The real reasons for the moves are hidden from the public until it’s too late to predict or profit from them.
Fuck Citron. Went short NFLX this morning.
Those two sentence are completely random. It’s like me saying “Fuck the color blue. I’m gonna eat a steak.”
You’ve lost your mind.
I meant fuck Citron for going short NFLX this morning. I’m long. 🙁
Sandwich day, Fly?
stop begging for a bailout from the Yellen .. it is god damn beneath the dignity of Monsieur le Fly, le docteur whom we’ve come not to know and not to like .. be a man, god damn it! https://www.youtube.com/watch?v=QuDugQJ4rCU
moron
To kill time I read all about VJ Day (today) in an old NY Times.
Funny ad on p. 18 about buying concentrated DDT for your garden, a non breakable vinyl record ad on p. 19, and a not politically correct cartoon on p.27 ( I suspect the NY Times editor today would slit his wrist if it was run today- or blame Trump).
http://www.freerepublic.com/focus/f-news/3332036/posts
How many old news papers do you have lying around old timer?
hmmm