I run several indexes inside Exodus, mostly to track certain things I view important to the health of the market. One of them is a semi annually adjusted ‘Bubble Basket’, which consists of 25 overvalued stocks — from all different walks of life.
Year to date, it’s higher by a staggering 13%, crushing everything else to ten thousand pieces.
If this were to happen last year, I’d probably view it bearishly, since the onerous Obama regime was an oppressive form of government out to ruin prosperity. But since things are looking up now, via lower taxes, bigly cuts in regulations, fiscal stimulus etc, I view the fervor in the bubble basket as an indicator that animal spirits (extra Yolo Wolf) are running high.
All of the best markets I’ve ever traded in were bubbles. I fucking love bubbles and hope to trade in another one soon.
Speaking of bubbles, $FB just crushed earnings. Boring.
So sick of gay ass tech stocks and their liberal spew.
Doom