You thought today was gonna be a great day. You actually got drunk at the desk, at the behest of a lunatic, only to see your positions reverse, go lower, then fuck you.
This is your leader
As a sector, tech is lower — only held up by the fading strength of AMZN. Everything you thought today would be isn’t. You might as well kill yourselves.
Get this math. Remember when people were scared of higher rates? Well now they’re scared of lower rates. Every tick lower in yield is hurting stocks and helping utilities and REITs, traditional boring lame sectors designed to demoralize true stock players.
So this is what is going to happen over the next two weeks. People will look at the market and say ‘meh, it’s not worth it anymore’ and sell. Once they sell, junior at the trading turret will sperg the fuck out and opt into bonds — because junior is retarded. TLT is trend higher and those shilling for yield will pile the fuck into REITs — a sector that has been both maligned and shattered into pieces.
As such, I bought DRN, 3x REITs, to go along with my SOXS, LABD, NUGT and other long positions.
You thought “The Fly” was going to lose — but lo and behold he won!
Shocker.
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Perhaps there’s a 12-step program for that 3x etf habit.
GS put a $2000 target on AMZN. I’m sure it was a carefully considered valuation and not just pulled out of their ass.
Wall Street likes throwing Retail for loops, but I think they really fucked upt toady. People are goign to be pissed that they didn’t get their big ‘DAQ gains, and get more disencahnted with their version of “free market captialism.” They shoudl have let them keep a big win today and scalped them Monday instead.
This stocked market writing is impressing – the fuck – out of me…
OMG. The Spousal Unit just asked me, “What the hell are you laughing at?” Absolutely no point in trying to explain, “Junior….will sperg the fuck out”
BETTER, INTERACTIVE CHARTS.
Jeremy’s gone, the fuck.
Come on cap’t.