Most of you don’t know it yet — but the Turkey Gods have been slain. Nasdaq futures are down 23, WTI -1.1%, and the NIKKEI is off by 200. The most ardent amongst you will acknowledge a spoiled rotten gait with the perma-bulls, men who truly believe stocks can only go higher. Why do these people think this?
That’s easy. Stocks mostly go higher and if you’re not talented trader or unable to see potential black swans, you’re predisposition to always believe stocks will go up. It’s the easiest way to make money in the market; it doesn’t require a high level of cognitive thinking, and it allows you to feel safe and comfortable with the pack.
“The Fly” is more of a shepherd, less of a fucking dumb animal being led down rolling hills to slaughter.
I truly believe stocks will splash against the pavement, revealing a bloody mess — brain matter festooned all over Wall Street — leading to a very Krampus Xmas — one that might cause Trump to tweet out the true JFK files. To play this is simple, bet against the leaders: NVDA, BAC, oils and biotech.
Also, I am betting against Russia, via RUSS — because MUH Mueller. When our armies march on Moscow, the MICEX will be zero. Lastly, I have a small pastiche of good momentum stocks that have very high beta. Should stocks continue the path of least resistance, they will serve me fine.
Truth is, everyone is bullish. All of the naysayers are cockless. Thanksgiving is around the bend and my oven broke and pipes busted a leak in my kitchen ceiling. I have 5 holes in my ceiling now, all of which need to be repaired tomorrow and then I have to go out and fetch another oven — else my Thanksgiving will, quite literally, be canceled.If you enjoy the content at iBankCoin, please follow us on Twitter