Another 400 point rally?
It seems every other week, the market runs 400 points. This is absolute tomfoolery, coupled with fuckery, to see stocks gyrate like this.
Much to my chagrin, I lost several boat loads of appreciating dollars today, getting “skull fucked” in [[SRS]], [[SMN]] and [[DGP]].
To make matters worse, I neglected to cover my [[MON]] short, when it was down near $104 earlier today.
So, the 2nd quarter has officially begun with a mind numbing 3%+ rally, effectivley wiping out 1/3rd of the year-to-date losses, in one day.
With this strength, expect to see a lot of banks raise capital, adding fuel to the bullish fervor. However, in reality, all of the deals will be dilutive and do nothing to help produce earnings.
On days like this, I just want to walk around NYC and throw dynamite sticks at birds and shit.
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