A Global Equity Rally is Underway; Behold the Greatness of iBankCoin

As a reader of the site, you have very little to complain about. The markets have been played like a fine tuned fiddle in 2016, with all ‘tabbed’ bloggers offering timely and often sagely advice during these tumultuous times. I had you on the ark, long TLT, then off the ark, as it docked in harbor for renovations. More recently, I alerted you to the fact that I was to be long SPY, with all of my available cash, thanks to the predictive algorithmic greatness inherent in Exodus.

Now, you are entreated to a 5 day long educational boot-camp, hosted by Jeff Macke (tonight at 7pm and tomorrow), then Jeff Kohler aka The Option Addict and then finally, Vince aka Raul for an Exodus run through in a very detailed manner. I beseech you, for the sake of your families and future offspring: reserve a seat.

Markets soared higher today, as a culmination of separate events formed a consensus opinion that all short sellers should be vanquished from the field of battle. Stocks with large short positions, particularly in the oil patch, underwent terrific rallies– relieving longs who’ve been under their torturous spells for the better half of 8 weeks.

Most impressive were the gains found in utilities, gold, and the lack of weakness in bonds, equating to an overall euphoric day whereby everyone seemed to win. Alas, all good and righteous things must end. According to the rules set forth in Exodus, I will begin the liquidation of my SPY position–leading me to a 75% cash position by the end of this week.

See you tonight, 7pm sharp, on the internets.