Now this market reminds me of the NYC street hustlers, who perform card tricks, such as “follow the bee.” The object of the game is to watch the street hustler shuffle three cards, right in front of you— on a milk crate, and identify the card with the bee on it—whenever he decides to stop “street shuffling.”
Ten out of ten times, you will not find the bee. However, if you are just playing for fun, with no money, often times the “kind street hustler” will let you find the bee, in order to lure you into a money game of course. The moment you put down 20 bucks, no bee.
Well, not only does this market remind me of that egregious game, it is making me want to play without money.
Seriously, over the last 4 months, I’ve made more than enough to take it easy and work on other things. There really is no point in pressing my bets, since the markets intent is to try to take my money, via shifty street hustlers.
Anyway, with a decent Philly Fed number, the market is, once again, melting up. As you know, this is the last trading day of the week and we are one week away from the end of q1. Basically, anticipate a lot of window dressing and foolishness.
Take some profits and walk away from the milk carton.If you enjoy the content at iBankCoin, please follow us on Twitter