What’s all of this talk about the market rally ending? We are going to rally through April. The gains will be taken, like a gold chain snatched from a baby in a stroller, and the celebrations will be hosted atop the graves of overzealous short sellers.
The NASDAQ rose another 98.
Nothing unusual about crude oil, higher by another 8%.
This is coming from a guy who has been talking to God, to build an ark, filling it with zebras, elephants and venus fly traps. When the mood was dour, everyone was prepping for the collapse of western finance, finally and definitively ushering in an era of wanton chicanery. But here we are, saved again, a theme that has stood the test of time since a few men decided it was a good idea to trade shares at Tontine Coffee House.
While a minor sell off is certainly possible, as we’ve gained a very large amount in such a short period. However, I believe the market forces have taken on a didactic demeanor towards short sellers, recalcitrating itself against negative news flow, for the purposes of teaching them a harsh lesson.
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It’s our God given right to make money in stocked markets. Need proof? Look at the all-time charts.
It is not your right – And that’s what I can’t wait to destroy – Bear market brings reality back
Where is xxxHuggieBearxxx?
This rally is (or perhaps was?) being built upon hope…and nothing else.