We are all enjoying the splendor of the market again, reminiscent of a time and place when CHAMATH would post his returns on Twitter in between half naked photos of himself displaying his very weak and malformed legs. Those were the halcyon days of the market, late 2020, early 2021, when we all took to the market with great alacrity and made the short sellers cut off their own genitals. We’d walk into the office both proud and rich, fat from the gains enjoyed in the stock exchange. Whenever things went down, we laughed and bought more.
Then the rally become ribald in nature and the GME-DOGE losers ruined it all for everyone — mocking the stock Gods with their profane actions. Ever since then the market has been in disarray, until the past two weeks where we have once again enjoyed a respite and gains on a scale nothing short of industrial. Alas, all good things end and bad things continue eternally. Like we saw in 2014, when the great tech collapse nearly cut off my own genitalia, we are bouncing now and hard but it will be short lived and once it ends, providing you are still long CHAMATH styled stocks, you will rue the day your Mother conceived you.
Heed my advice now and forever be grateful, milk this rally to the best of your abilities and be gone at the first sign of trouble, for when it ends it will end for the balance of 2021.
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My regular readership here began in 2014 due to schadenfreude for Flys pain from the four horseman of the apocalypse. It’s interesting to see the long term performance of those stocks since then. SPLK and WDAY held up well. FEYE and YELP total losers. None outperforming SPY well enough to justify the volatility.