It’s midday and stocks are slowly melting up as we thought they would, on their way to a date with the magical round 2000. The put/call ratio is currently at 130% which means everyone is too beared up and they will eventually have to cover their shorts. Clearly, the hardest trade right now is to BTFD. If you struggle with this concept, may I suggest holding your nose and closing your eyes.
It’s also the last day of the month and I’m looking forward to another successful Ramp (I’ll post the February returns later this week). If for whatever reason something goes wrong I will just blame it on racism. That seemed to work for Chris Rock last night at the Oscars. Talk about awkward. Since when did award shows become the main platform to push every social issue known to man? I just want to see who wins the damn awards, not get shamed into being a racist who hits women and hates the gay community…but I digress.
It’s about 2 hours until showtime. You all should be blessed that the stock gods have given us an extra day of Ramping. Hope to see you all there.
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