I recall musing at the market, on the phone with a colleague, circa 2009. The world was ending, or at least my world. Western finance, as I knew it, was about to conclude. Our country had gone from entrepreneurial Dutch merchants to Dick Fuld in less than 400 years; and it was ending. I had been short stocks, making a fucking fortune, all for nothing. After all, what good is money when all of your clients lose their jobs/businesses? What good is money when you can’t buy food because credit dried up and no one trusts one another for payment?
That’s where we were in 2009, before the bottom was put in, at the Devil’s crossing of 666 on the S&P, ushering in a new President Barrack “inverse cowboy” Hussein Obama.
If only there was a way to evaluate the markets without emotion. You know, like a software of market greatness that is able to monitor over 4,000 stocks and ETFs, drill down technical and fundamental readings to properly assess the market without bias.
Hmmm.
In other news, I bought SPY today, a 1/3rd position. I’ll add to it based upon the glory of Exodus.
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All hail Exodus.
Speaking of 666….. FCX 6.66
As I was reading this I was thinking, “I can buy the dips w/confidence as I had decided to buy in thirds. Then lo and behold I reached your last sentence.
API Crude report after the bell today. Gon be gud.
It’s never good.
Oh I meant, going to be interesting. I doubt it’s good news. Get your popcorn.
My timing may be off, but I stepped up and bought some DHT on today’s dip. I agree with your yearly predictions, oil tankers are going to crush this year.
NAT might be better, but ok.
CNBC doing a show all about my hometown economy, Houston. Let’s just say, fan meet shit.