Positive breadth is once again milquetoast, lending to an air of annoyance that often frustrates me into pieces, until I writhe and toil until my bets become so gigantic that I scare myself back into cash. Now I don’t think the market is in any danger, nor do I have any issues with being aggressive with just 25% of my overall account. But what I do take issue with and fear is the complacency that seems to have taken foot again, the same snobbish demeanor that presented itself to markets in late 2007 — just before the absolute collapse.
On the other hand, there is a wide swath of you vermin on Twitter and other social media outlets prognosticating the fall of western finance, based off forlorn assumptions that was debated a century again. America is okay, in spite of its indecorous ineptitudes. Would you prefer to live elsewhere and why?
Markets were supposed to trade lower and now they’re higher. This is exactly what one likes to see if one is bullish.
I added a little something to my trading portfolio — a high conviction trade, one that cannot be stopped, no matter how many sell orders you place in front of it. It will burst thru your pitiful blockades and shit on your heads. It will, why, it will blackened your faces with the smoke from its exhaust.
I like living here. But that is irrelevant to investing.
BTW, three white shoulders = shot my load.
Not many people talking about bonds, yen and gold now.
The very wealthy who pushed the markets up here are still pushing, because they are still very wealthy and still can’t find enough vehicles to invest in. Even if earnings fall a little, they still have a shit-ton of money that has to go somewhere. They’re not going to start hoarding bales of $100 bills.
And they seem to be willing to prop things up when they have to, after all, it’s their market.
Huh. Market took off the instant I posted that. Didn’t realize that I was Man of influence.