iBankCoin

Trump’s Tax Plan is a Joke; “The Fly” is Taking a Knee As the Party Continues

President Trump’s tax plan was leaked (what else is new?). It’s likely to get shot down like Japanese zeroes over the pacific. Betting against anything Trump proposes is probably the very best bet one could take. Ergo, logic dictates that any optimism born from the details of such a plan should be faded and faded again.

I’ve been dealt a sour hand over the past few days — stocks have continued higher. My quant is higher again — by more than 0.6%, yet my speed chopping carrots with my balls on the table picks have been less than stellar.

Truth is, there isn’t a near term catalyst present to fade stocks. Nothing is out of the ordinary. N. Korea has cowardly shrunken behind their thick veils of secrecy and I’ve been left out here — stranded in bad positions — YANG, UVXY.

But I am hopeful.

Because the autumn is here and things are going to be dying soon, I am willing to give both YANG and UVXY another chance — a renewed lease on death which emanates from the darkest part of my soul. You’d be wise to unfollow me at this juncture — as I am most definitely going ‘off the grid’ into a place wrought with danger.

That was a whole lot of fluff — to simply say “I’m not selling out of my losers yet.”

While the lot of you enjoy yourselves, regaled in the blue mist of optimism, “The Fly” bows down and forks his knee sharply into the black dirt and awaits cataclysm.

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3 comments

  1. itinerant

    Allocation into small caps because they have been lagging all year. Not rocket science.

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  2. txchick57

    You know most of this is quarter end crap. Do you really want to be the guy that sold out of the VIX at 9 and something?

    Also long UVXY.

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  3. doji

    You were all frothy over Trump getting elected lest we forget (extra Stephen Fry).

    Deal with it.

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