A month ago, I admit I was scared. We all were. We were scared the world was going to end, but I decided to bull-up anyways because that’s just who I am. On February 8, I tweeted out:
Buy Lent, Sell Easter
— 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 8, 2016
That day we dropped nearly 50 handles from the open and hit a low of 1828. Sure enough, the day after Lent, February 11th, marked another millennial generational bottom and we’ve since risen nearly 250 handles in 6 weeks.
The markets are closed tomorrow in honor of Good Friday. For all you non-Christians out there, Good Friday is the Friday before Easter Sunday, on which the Crucifixion of Jesus Christ is commemorated in the Christian Church. It is traditionally a day of fasting and penance.
Your penance is to say your prayers that Janet doesn’t raise rates again in April.
We need an Easter miracle to save us from halting our 6 straight weeks of gains. Hopefully the VIX doesn’t rise up from the dead on the 3rd day in fulfillment of the scriptures. Otherwise it may just be a sell Easter event.
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Excellence!
I was never scared. Ever.
That’s because you were floating on the Ark, being fed grapes by virgins. Whereas the rest of mankind was drowning in God’s wrathful tears.