The SMH is up 11% month to date, wiping out the -10.5% loss is took in December 2022. We are all hooked, sold even, on the idea of soft landing. Back in 2001, I recall with great vividness feeling the same in January of the year, which presided over a gain in the SMH of +20%.
Those are the gains in January for SMH dating back to 2000, courtesy of Stocklabs. This year’s returns, as you can fucking see, are the biggest since 2001. We are all happy and boastful, cruel to the bears — hitting them with socks filled with flour.
But guess what happened in Feb of 2001? Fucking guess.
The SMH plunged by 29%. Later on that year the Federal government destroyed the World Trade Center and made it look like some Saudi Arabians did it in order to start wars and empty the treasury for the next 20+ years and by then the market was completely cooked until 2003.
Bottom Line: I’m gonna close out my positions come Tuesday, which is a reallocation day for me anyways. But I’m gonna close out the leverage and the extra stuff, and really consider some heavy hedges. I don’t see how the market could extend too much more for January and I’m very skeptical of what THEY might do in the Ukraine, as the war inevitably turns in favor of the land power there and threatens to displace our dominance on a global stage.If you enjoy the content at iBankCoin, please follow us on Twitter
Yeah man. I concur. Also when the shoe drops on the SAD’s, the public cannot find out… what will “they” do then… ? Have a good Sunday my friend.
Increasingly, the public kinda knows about 9/11 (and JFK and…) Still, until there’s a draft …or at least a tax increase associated with our ongoing slaughters, Americans don’t give a sufficient shit to dig into it.
Would you like to know my pronouns?
“Later on that year the Federal government destroyed the World Trade Center and made it look like some Saudi Arabians did it in order to start wars and empty the treasury for the next 20+ years and by then the market was completely cooked until 2003.”
Funny, I was banned from this site a few years back after I posted something similar to the above. Maybe it was because I also noted the involvement of the Mossad in the false flag and of The Lobby in selling the resulting wars.
Ill give you one hint dumbo:
look at the 2 year yield. It’ll be around 2 by end of ’23. What do u think happens to risk on assets?
Seeing as the only way the 2y will be yielding 2% by the end of this year is if we are in the grip of a deep painful recession, the answer is “risk assets will be down significantly” either way.
There have been enough times stocks continued falling for months after the Fed started cutting to render pivot useless as a timing tool.