It’s Over: The Entire Bull Market Thesis Has Been Ruined

Dr. Fly Tue Feb 13, 2024 4:19pm EST 2 Comments

Elon Musk has capitulated to the censorship bureau. Joe Biden is the first President in American history to not undergo a cognitive test — mainly because he’s senile and would fail. He’s in charge of the alleged nuclear arsenal.

Israel continues to inflict massive casualties amongst the civilian populace, unabated, and without any force willing to oppose them.

The war in the Ukraine has taken on a perverted element of industrial genocide, guided intently by the US State Dept and their sock puppet Zelensky.

Migration hordes continue to swarm white dominant nations — because their failed states aren’t as comfy. They’ll now create society in Europe and America in a manner that was similar to what they were accustomed to in whatever shithole they migrated from.

The LGBTQ agenda is now the strongest religion in the west — a pillar of sodomy that shall be defended with the blood and the guts of the soon to be extinct straight white male.

MEANWHILE, markets plunged lower today on news that US inflation data, measured by the CPI, was hotter than expected. The entire bull market since November was predicated on the idea that rates will be cut in May and thereafter in order to satiate the devils who finance the construction of vacated commercial real estate projects.

But since unemployment is low and spending in America rampant — we’ve managed to paper over all of the sins and all of the follies up until now. But the rates matter and a 4.3% handle on the 10yr is catastrophic for anyone of modest means attempting to buy a home this spring. The entirely of the bull case was the specter of lower rates, heaving into a slowing economic backdrop.

In the past few months, we’ve enjoyed bearing witness to a sundry of bubbles — inflating up into the sky and floating around aimlessly in cartoon like fashion. It was a wonderful thing to see, shares of $NVDA, $ARM and $SMCI race higher without resistance or even a second thought about what is all meant. It will be hard to take down the bubbles — because so many have been initiated into their religions. Just like the LGBTQ cabal, they believe fun can be enjoyed without consequence and hedonism to be the preferred mode of living — and then you get aids and die and your accounts are at zero.

I see sharp downside follow through tomorrow, with volatility spiking above $20 and the transgender bulls coming to grips with the faint idea that maybe, just maybe, it’s all over and it might be time to seek for cover.

I closed the session +37bps, not tricked or fooled, net short into tomorrow.