Long ago I stopped trying to rationalize the movements in stocks, short term. Without question, I believe we will, at some point, retest the lows. Do I need to delve into the rationale? Here’s Cramer’s take on the recent mess — confused as ever before.
The Dow is up nearly 500 and one could only surmise that buying stocks now, into a -50% GDP and 40% unemployment is a ruinous proposition. But that’s why trading is a skill, and not a right. There is a certain poetic ebb and flow to this and only real traders who’ve been in this game foe decades understands what I’m saying. My opinions change on a minute by minute basis and bullish now can transmorph into bearish later — because the moves are fast and the emotions are hot. Ideologues cannot make it in this game. Guys who wolf down pizza for a living and operate click-bait sports sites should save their money to stockpile T-shirt inventory and leave the trading to professional, men like myself who’ve been seasoned by the FIRES and have learned from millions of dollars in capital losses how to trade successfully.
I consider myself to be the very best trader in the world, not because my ego is out of control and I’m a fucking lunatic — but because I am the best and have never met anyone better.
Sure you can say “fuck head — you haven’t met the world.” That much is true and I take your points as valid — but fuck off. I do not subordinate myself to anyone, certainly not the likes of you. “The Fly” is omnipresent in this bitch, bobbing and weaving — punching jaws the fuck loose up in this quarantine bitch.
I started off bearish and now I’m foolishly bullish. I’ve done so because I am the wind and do not simply drift with it like so many of you — but I am the wind itself and have a direct connection with Mother Market herself.
Earlier this morning, after booking gains, I stepped back into the market with all of my might. Presently, I am 95% long and I’d tell you what I bought — but you’d have to be a distinguished members of Exodus first.
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