We need for copper and other commodities of its ilk to drop, but do so in a manner that is not jarring. We need a slow drip lower, coupled with a rally in bonds, in order to get rates lower. Then you can enjoy grandeur in stocks like PLUG and GPRE, dancing in the streets like the degenerate you are. Until that happens, market is UNEASY about what is taking place. Higher rates means slower economic activity.
However, let’s put that aside for the moment. What do you think will happen once enough people have been vaccinated and the world is safe to traverse again?
People are going to spend all of their money in a drunken whir for the ages. Cruise ships will be packed tight again. Airlines at full capacity, so egregious they’ll charge you for peanuts. The upside to this lockdown is the release valve and when it’s turned. Because, during this lockdown, IMMENSE WEALTH has been created for well-to-do people and those people have been SPENDING LESS.
I guess what I’m saying is, short term stocks do lots of stupid things. But we have a Trump card in the tall grass, looming to strike into the hearts of the fiendish shorts and eat them whole.
I am trading lightly today ahead of my vacation next week.If you enjoy the content at iBankCoin, please follow us on Twitter