Heading into today I had 90% cash and a little hedge via LABD. I closed it out today for a 3.5% loss and started buying stocks again. Does it make sense to buy when the market is +350, after being up 30% for the year?
There is a ravenous appetite for equities now and forever. Each and every time it looks as if stocks might breathe and head lower — we climb effervescently towards new lurid highs and crush the bears into dust and urinate on their graves. There is no future in being a pessimist. If you’re a negative thinking fellow, cut it out or kill yourself. There is not enough room on this crowded planet for the likes of you.
Early next week I will get around to allocating the balance of my money into stocks. Quite frankly, there isn’t a rush because any time is a good time to buy stocks. You can buy them now or Monday, or maybe even Wednesday. If busy, you can even buy them on Thursday. Just try to avoid buying too much on Fridays.
My advice to you pal is to drink the Kool-Aid. You see it there all cold and red and glistening with sugar. I bet if you picked it up and took a sip you’d like it. No point in fighting realities any longer. Trump is your Emperor. Russia is our greatest ally. And the stock market is going higher forever and ever and ever.
If you say “TOP” after reading this post, God will strike you down and kill you.Comments »