I know many of you have been stuck in the go-go days of 2000. Nonetheless, it’s good to have you back here, in the present, in the midst of a fantastic recession.
As you know, the Fed is concerned about the recession, via their minutes.
Forget about a 2nd half recovery. It’s not happening. Right now, with the market massively extended, I’m warning you, take profits now, else lose a few limbs during earnings season.
See, when the economy slows down, companies warn of earnings deterioration. Right now, the market IS NOT pricing that in.
Ahead of numbers, I prefer to be flat or short the market, as the slowdown takes hold of EPS estimates.
I understand your fucking charts say “buy without fear.” Moreover, I encourage you to do so. This way, I can use your legs and arms to fuel my cash machine.
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