Nothing is bringing this market lower.
Whether it’s huge drops in foreign markets, miserable corporate profits, monster financial writedowns, the market keeps chugging higher.
As you know, their is a concerted effort at hand to buoy stock prices. Yet, I find myself betting against them. Fucking fucktard.
Looking at today’s tape, should the payroll data come in benign tomorrow, we’ll be up another 200.
Up until yesterday, my biggest position was cash. However, it’s not the case anymore. I refuse to chase the rally in retail, homies or banks.
I fucking refuse.
For now, I’ll ride this out.If you enjoy the content at iBankCoin, please follow us on Twitter