It’s all very well and good that we’re all enjoying ourselves — getting fat and sloppy — thanks to an evergreen bull market that only gets interrupted by volatility ETNs gone wrong. But we’re up 2,000 points over the past two weeks.
The FAANG fags have forklifted nearly 10% over a fortnight, all the while David “Boss” Hogg bullies you impotent manlets into ceding over control of the 2nd amendment. Boss Hogg is truly an inspiration to all aspiring dictators.
I am still positioned very long and my YTD gains in Exodus‘ Quant strategy is humiliating passive SPYfags into killing themselves by jumping out of airplanes. But I took on a hedge today — SHORT NASDAQ x 3 — and would like to eventually liquidate my entire tactical account in order to short more. I want the market to crash and for accordion playing monkeys to litter Wall Street when the blood flows thickest and people are at their lowest. It’s at that point, that utter despair, will Le Fly step back in to save the day and sop up the margin liquidations of so many lesser men and clownish women who’ve lost their nest egg in the market that never went down.
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Perhaps it’s time to start factoring a war in MENA, a big one, into market moves. Their war, banksters’ war, is always a good cover for ass-raping unsuspecting market gamblers.
We are in the first inning.
Money on the sidelines.
Too many bears.
No one is bullish yet.
We need a big final run up.
Earnings are infinite.
QE-6 is coming.
We need a bailout and it will run us higher.
Trump is God!
Trump is going to be impeached and Hillary will be president ergo we run 100,000 points higher.
Bitcoin.
Internet 7.0
Global Warming.
No Global Warming.
Hurricane Damage.
No Hurricane Damage.
Bonds.
No Bonds.
Rates.
No Rates.
Housing is expanding.
Housing is imploding.
……
……
…….
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Turn on the TV and every one of those excuses is made on why we go higher. Shit like this is not rational and won’t go on forever, the first shot has been fired. We are trading on literally nothing everyday for 2000 points, very soon there will be a reckoning and it won’t be pleasant. None of this is rational, not one bit of it.
These five companies would be a hugely good short at this point. 3 trillion. no not a bubble. the main problem is these five companies have stangehold on the internet which is basically wired in peoples brains now. way overvalued. take for instance yandex. it basically is google, facebook, uber, netflix and if they tried they could probably out a phone and marketpace together. marketcap 14 billion, 10 billion a few months ago. really guys? 2.7 trillion more?
Did you read the prospectus this time?
Le Fly now reads prospectus’ up and down and back up again. Fuck white papers ?
Prosaic it may be, but the anecdotal evidence from the canaries at the very deepest depths of the coal mine is saying: not much longer.