COLLAPSE!

The market was doing fine up until all of the sellers showed up. The Dow closed down a staggering 300, whilst the NASDAQ castrated for 100. In my previous blog, I had boasted over my timely efforts rotating back into social distancing plays.

A general update on my trading account: ruins

I closed out the session off by 160bps. The details of that horrid performance isn’t important. What is important is my ongoing struggles to find a semblance of normalcy or forgiveness in this market. I am deserving of more and do not like having to wait for it. I have been extraordinarily patient with the market and have waded into her for the better part of two months now, only resulting in loss.

How long do I have to wait for some sort of gain? When does the agony cease?

I have tried every which way but loose and my options are henceforth dwindling, as I coddle and care for this bitch of a market, this mountebank whore whose glacial bosoms caress the faces of unappreciative short sellers with collapse after collapse.

Granted, we’re more or less at record highs and I am up rather sharply (+17%) in my quant for the month of November. However, I exist for more and when I do not get it I get very very angry.

GOOD DAY!

Listen to me small pleb,

NYC just shut down their schools because of the plague. Once this blackness infects your lungs, you’re through. It’s not a big deal, really. You can only die once and nothing could be better than departing to heaven — right Christ bros?

Nevertheless, because I am a money crazed degenerate, I acted quickly on this newz and cycled the fuck out of some of my “value stocks” and into STAY AT HOME stocks. You will all cease having fun, at once, and remain indoors wearing your masks. Once the vaccine is prepared and enough doses produced to create a profitable situation at the NIH, then and only then might you go outside again.

In short, order stuff online and watch the teevee and if you need a doctor, do it online.

That’s the narrative.

I realize Thanksgiving is illegal in many parts of the country this year. However, the point remains, thou shalt not sell short US equities into the haze of National Festival. It’s simply inappropriate to think and to behave with such malice, at a time of year when we stuff our faces with cranned berried sauce and drink whole bottles of wine straight from the bottle.

I will have you know, I am SUSPENDING my booze free commitment next week thru Thanksgiving, in order to drink all the time. I have every intention of drinking all the time, maybe even during trading hours.

Today’s tape is of course good but I have been out again. I will be back to normal trading hours soon enough. My Mother In-law is scheduled to arrive here tomorrow, which will last for what I imagine to be many many months.This is fine by me since she is a big Fly fan, even taking my side often against the sometimes evil Mrs. Fly.

My accounts are all up, trading +55bps, a rather somber and milquetoast showing due to my value stocks predisposition. I sold NKLA today for +12% and I ought to venture out into more risky assets; I really should, but a value man cannot discard his convictions just because the market is handing out free money. I have a job to do, not exactly sure what that is anymore, but I am going to do it nevertheless.

No thanks to me. I was actually down in my trading account. But, apparently, all of those SUPREME FAGGOTS made 10% for the session, long RIOT, FUBO and whatever the hell else was up 20% today. What a wonderful planet I live on, where people inside my own trading room cuck me to bare witness to their elaborate gains — all of them circle jerking around their returns, probably cramming sushi into their fat faces as they grin at the screen where I wrote: “But I was down today.”

No pity, no “hey Fly, scooter, you’ll get ’em tomorrow.” Instead, I see one comment after the next +806bps today — “best day eva, thank yooo Exodus.”

Well Fuck off. I’m a value investor now and I scowl at your 10% daily gains. I was down 2% and liked it very much, aside from the part where I lost money. But it wasn’t my fault. Jeff Bezos and his evil Amazon destroyed WBA, MCK and CVS, all were doing fine until Amazon decided to sell drugs.

I am sure, as God is my witness, I will have my revenge, very bitter but also sweet, sometime in the immediate future.

Let’s not pretend everything is okay. Citi issued a note yesterday, brushed under the rug because Citi generally sucks. However, seeing the rise in Bitcoin, now almost $18k, coupled with RISING RATES during a time of collapse — one has to seriously think if it’s at all possible. A 20% drop in the dollar, post vaccine.

The widespread distribution of vaccines to combat the coronavirus pandemic and ongoing monetary easing could cause the U.S. dollar =USD to weaken as much as 20% next year, Citibank said on Monday.

“When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect,” the U.S. bank said in a research note.

The idea is massive denigration of the dollar due to wanton stimulus, which in turn will cause stocks, especially foreign stocks, to trade up. Back in 2008 we had a situation like this, the crushing of the dollar and precipitous rise of commodities, including food, just prior to the housing collapse. The environment was surreal — and everyone was placing bets on multi-nationals, oil, farms, potash, dry bulk shippers etc. The inflation trade worked double in Australia, where commodity related stocks there had the double win of rising currency and commodities. Aussie stocks and real estate were smoking hot. But then all of that ended and the kangaroo fucked himself.

The idea of the $100 tomato was something I often fantasized about. All sorts of regulations are scheduled to be enacted soon, such as NO MORE NATTY in San Fran and no more gas powered cars in Cali by 2035. All of this seems suicidal — because it is! But during mass suicide events, the coffin makers and the gravestone makers bank coin, so I’ll be keeping my eye on all of this stuff for the rest of you — as you slovenly sloth thru the markets, fat and slow, hoping for more Federal Reserve bucks to bail you out. Well guess what, Bozo Trump is trying to squeeze in one last fucker into the Fed before he heads out to build his big beautiful library. Her name is Judy Shelton and she wants to get back onto the gold standard.

I got fucked a little with Amazon’s latest foray into healthcare, sending shares of MCK and CVS sharply to the downside. I sold both and moved on, -7 and -9% respectively. I don’t hold anything, lest I’m super confident, after -10%. This was close enough for me.

I rolled the proceeds into two ancillary crypto stock plays, as BTC big dick moves higher, steamrolling towards new record highs. I am, as you know, very bullish on ETH and expect it to trade into the thousands at some point this decade.

Overall mixed bag for me, quant up, trading down. I’m not at the home office, so I’m not slaving in front a series of screens today, jerking off to moving averages. Nevertheless, I see momentum is back in play with alt energy and EV stocks popping off, leaving my old man stocks in the fucking dust.

My Quant is up 15% for the month of November. My trading spurred higher by value today, increased by 200bps. The prognostications of doom have been grotesquely exaggerated. As soon as Trump seized power, he took credit for the market’s rise and economic recovery, which was already underway. I am sick and tired of people praising idols. No one is infallible and there isn’t an institution in this country, or the world, without its downside.

Listen to me and heed these words very seriously: stop the fucking bullshit and get back to trading. Believing in nothing is the reason why depression is rampant. Life isn’t always easy and people are fucked. But it isn’t all bad and there are things worthy of praise, innovation that improve our lives. We are all temporarily taking up space, so let’s try to enjoy it while it lasts.

I’m not really smoking FAMOUS CIGARS now — because that’s degenerate as fuck. I am, however, spiritually coasting through this trading session, secure in the idea that value plays, more specifically NORMALIZATION OF CHINESE TRADE RELATIONS stocks, will trade higher.

I’m not fucking around here. Hunter Biden needs some more models at his hotel room in Beijing. Once Biden seizes power, we will immediately end the China trade war and resume Obama’s efforts in exporting middle America jobs — because fuck those people.

Some names with massive Chinese exposure include: HON, CAT, MU, CLF, FCX, AA, BA, HAS, MAT FDX etc.

I have a list and I am checking it twice. I am back to fully invested, mostly value plays that can be enjoyed at your local Kroger. There will be rumors of market’s selling off — but don’t believe them. There are a lot of haters out there and people who believe, foolishly, that Trump had anything to do with the market rallies. Truth is, we’ve been spending like drunken jackasses since Reagan’s ‘supply side economics’ theorem. While things are corrupt and in your face in a degree never seen before, more or less, our standard of life is still better than most. Look at Europe, those supreme faggots don’t even have air conditioners.

NOTE: GET YOUR NEW IBC ELECTION MERCH!

Coupon code: RIGGED

In the Era of Joe, value stocks will rise again, just like the south never did under any administration since Lincoln. I must tell you that I booked tremendous gains today in an array of names — up more than 240bps for the day, a day in which I bore witness to SAAS stocks and other growth vehicles of perfidy trade lower. This is not the sordid market you once had under Trump, the Charlatan. Your capital gains will be taxed thrice and your trading behavior SEVERELY FROWNED UPON by the incoming administration.

Robinhood traders will be annihilated under the Era of Joe — two bit accounts detonated with dynamite — 5 figure accounts laughed out of the market amidst trade ending margin liquidations.

In case you’re wondering, yes I had a good weekend, not a great one. I played some tennis, cooked a bit, and laughed in moderation. I am now back to work and will be trading for the balance of the day. My bias is to the upside, with a strong feeling about value plays and I can only hope on the stone of Jupiter that bubble stocks continue lower and the chasm between haves and have nots widen to a degree that becomes untenable.

WTI is breaking out to the upside, because max pain dictates the guy who wants to destroy it will help it go up the most.

Enough of the fucking bullshit. Biden is going to be our next President, of these Unites Steaks of America. We are a corporation, explicit in the goal to create wealth for those smart enough to do it. With that being said, let’s not pretend Chinese trade relations aren’t going back to a pre-Trump arrangement. Today the S&P closed at record highs, after Trump conceded Arizona to Biden. Whether fraud happened or not is immaterial to me. Let’s read the tea leaves and check our retarded political opinions at he door.

There are a slew of China trade plays worth pursuing. A cursory google search will provide you with the obvious names: WYNN, SWKS, TXN, AAPL. However, there are a great deal more that might benefit, such as CLF, FCX, X, even XOM.

This week was all about rotation, out from the COVID winners and into pro China trade and value stocks. I do suppose we’ll get back to handwringing over the revenues prospects at ZM soon enough. However, and at least for the time being, I am content with a slower than molasses dropping off your kitchen counter portfolio of value plays, boosted by a pastiche of timely growth plays.

We should, however, be looking towards the next 4 years and formulating strategies that might become part of the daily go to sectors now, such as steel, coking coal, and fucking casinos.

Have a nice fucking weekend.