Markets are moving higher today, but everything else is lower. Most of the small capped stuff is getting obliterated. At the top of that trash heap is my HMNY, thanks to CNK launching a competing service. Does it really matter, all things considered? No. But now I am truly a long term investor.
Oil is tracking lower again, laying waste of oil stocks…yadda, yada, yada.
Who gives a shit right? Stocks go up, down, then up again. At the end of the day, if you’re buying large capped stocks — you cannot go wrong. Just buy more as they drop, and you’ll make even more when they hit new highs.
The only thing I want from Krampus this holiday season is for a sharply higher VIX. We need some panic in the air, a nuclear war, Presidential impeachment, something. Sitting at $14, UVXY looks lonely. You should join it.
There are only two sectors in the market that mean anything: tech and finance. The combined sectors comprise more than 50% of free cash flow reported over the past twelve months. If we are ever to get a deranged move to the downside, both of them need to be destroyed.
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