Asian stocks are rallying this evening, in a delayed reaction to China’s rate cuts. Listening to Bloomberg Asia tonight you’d think China cut rates again. It’s just that Bloomberg Asia are living in the past. They’re replaying the events of Friday–because their stupid markets were closed when China decided to man up and join the civilization of easy men.
My prediction for a 10% move in October has all but been fulfilled. Now that its happened, people are shimmying their way to the casino table, hoping for moar gains, like fucking morons. The big gains have been had. Prepare to grind out the rest of the year, boring yourselves into stupidity.
Am I bearish?
No
Am I bullish?
Always
But do I think the market is setting up to run hard now, following an epic run?
Who the fuck do you think I am?
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Exodus says higher!
OA says higher.
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… Rock … Paper … Scissors !!!
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That’s the game people play who don’t have Exodus.
Once again, amazing conference, Dr. Le Fly! Thanks for everything!
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In the past … here on IBC … I have opined that “Fly” may in fact be “Josh Brown” !
Needless to say, Fly has vigorously denied it … and … truthfully I never really fully believed it myself. The more I thought about it … it just seemed … well … unlikely !
When it was announced that “Josh Brown” was scheduled to appear at the IBC conference I thought it was … ah hem …”curious” … but, I didn’t think much more about it !
I mean it would be seemingly impossible for “Fly” AND “Josh Brown” to be at the same place … AT THE SAME TIME … RIGHT !?!?!
—–
But wait !!!
“Josh Brown” … ah hem … “cancels” … ah hem … “unexpectedly” … ah hem … at the last minute … ah hem …
Okay, disregard that last “ah hem” !!!
Nevertheless … it ALL seems a tad BIZARRE !!!
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… apparently my “sense of humor” requires “moderation” !
You would think after all this time here … I would be allowed a bit of leeway !
SIGH !!!
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moderation is automatic
Come on Alf … u put the penis in happiness,
I’m glad you enjoyed it. I truly doubt I will do another one, so it was good this one went out in style. As you could see, I did not hold back this year.
What’s the consensus on biotech? IBB’s still down ~25% from its high and it seems like the anger directed toward biotechs is subsiding. I’m thinking about playing a bounce through IBB rather than trying to pick a single/few stock(s).