A Gentleman’s Rally

Let’s not alarm the women and children; but the market is going higher again and every stock that I own is ripping–cordially of course. Being fully invested, I find great pleasure to be up 2% this morning. As a matter of fact, I found it so pleasurable, I took the rest of my cash and bought more.

After I bought more, I bought again, finding myself in the wonderful position of being 125% long, exercising the rights of leverage.

Why do such a thing, at a time of grave uncertainty?

The answer to that question is the same its always been: because I can.

Stock prices are extremely oversold. I gave you The PPT signals. What else do you want, my liver and lungs?

There, there, don’t cry. Relax, it’s only money. You’re too stupid to run money, let alone for someone else. Learn from people who are greater than you, magnanimous men who will have statues built for them, placed at the city steps, when they’re gone.