A very nice and calm day for markets, as some of the retail and construction related names, violently, moved higher. Shares of M and JOY embody what today was all about. The Bubble Basket reigns supreme, higher by 1.55% for the day, in an otherwise uneventful day for stocks.
Just buy all dips and get rewarded with afternoon rips.
Bonds moved higher as well, creating a sublime environment for all investors, both young and old.
The VIX edged lower again, and is now menaced at the lows. There isn’t any fear of a sell off, because everything is being bought by central banks. Over in Japan, they literally print money to buy ETFs that are tied to indexes. Every so often there are glitches in the matrix. Some overzealous traders get cast aside in asshole stocks, not positioned correctly in the exclusive row of hedge fund hotels.
Andrew Carnegie once said that a wise man should have very few eggs in his basket, opposed to many, and to watch said basket very carefully. That’s the credo that is being followed today, as asset managers cram their way into shares of AMZN, FB, XOM and the like.
Good day and God speed. Le Fly has errands to run. I’ll be back this evening to prognosticate the greatest doom you’ve ever imagined in your life.
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The violin players ordered to keep playing as the sinking began have been outsourced
It’s funny how we have these -5 or -6 SPX future and then we rally off the low in the future to close +5 to +8 SPX at the end of the day. It’s very obvious and easy. I expect the show to continue for the rest of the week as the hedge fund community is dominated by a bunch of monkies.
Funny? No deeper analysis than, Funny obvious and easy? That’s why America has become a cerebrally-lethargic cesspool. Live up to your moniker stop acting like a cow mashing some blades of grass watching the squiggly lines with the same peculiar tendencies and patterns and blank stare moo
Has anyone told you how difficult it is to read your dribble? Dude, I’ve got news for you… the market is about to see new ALL TIME highs. You have never been correct in your pathetic investing life. God Bless and have a nice evening.