I can sit here and wax poetic about the virtues of owning XYZ, how gold, bonds, and stocks all make sense and how Portuguese and Irish borrowing costs are supposed to be at zero percent: but I’d be lying.
BABA didn’t cook the books, so they missed revenue targets. Perhaps we know why the Chinese government was upset with them yesterday? Crooks and scoundrels.
I own a little BABA, but I own more HAR, which is my favorite way to play the auto sector. But who cares, really? I see what’s going on, the utter despair out there, good folks chasing bad ideas down the sewer hole into the jaws of alligators. I see it all.
It’s important that you know that I am in a constant state of cynicism and rage, upset at the world for being so great, yet so utterly dumb.
The market is a profound place to lose fortunes at break neck speeds. The longer I play this game, the less I want to own small cap stocks. It’s the lure of elephantine profit that keeps me coming back, like a crack fiend loitering about the old crackhouse.
Enough is enough: let’s bounce already, shall we?