Hold Your Erections — Markets Are Up For October

Fortune smiled upon me this morning, so I took it. I cleaned out my account, both shorts and longs, and netted 78bps. I decided to walk away from the computer and the market shenanigans — but to come back for the late afternoon session in order to extend my returns and prepare for tomorrow.

Whilst you might be elated to see markets lower, there isn’t anything significant about October so far. Both the NASDAQ and $SPY are higher and the $IWM is off by 2%. However, we do have the US 10yr climbing to a terminal level of 5%, now at 4.88%. And we are seeing gold breakout, which is always a sign of looming doom. But I cannot be a serious person and at the same time tell you markets are heaving over to crash, while all dips are bought and shares of $GOOGL remain, obstinately, near highs.