No wonder biotech stocks shot higher today. As a people, we all need the assistance of pain killers and psychotropics to cope with being around one another. Some people will never be happy, no matter what you do to help them ‘see the light’. Detente was tried once before and it failed in record-breaking misery.
Aside from a few large cap outliers, for the most part, today was a loser. Most of the big losers were found in oil, a sector tragically overvalued and headed for trouble. Banks were the other downside standout, as Moody’s moves to downgrade Deutsche Bank.
We were very fortunate that this 5 week rally occurred, permitting investors to sell with dignity. In approximately 4 weeks henceforth, global markets will be disjointed again–thrusted into the evergreen fires of agony. There will be bankruptcies and rumors of such an occurrence. You will assuredly rue the day you decided not to sell, opting for a ‘wait and see’ attitude, hopeful for the future which is already tainted by impending doom.
Aside from that, I am sure we’ll get along just fine, circumventing the markets like good old Cristopher “THE RACIST” Columbus and his little boats in the Atlantic.
Dark days are most certainly coming. Board the ark.
NOTE: I am short XLE, long TLT.
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Board the ark indeed. Nice little triangle has formed since the beginning of Feb. It’s very well-formed and obvious, which means that it looks like a triangle. I have good observations.
The only bid in the market today was the terrorism bid. The bid that says “I am aware that if there is such a thing as the PPT, they will be active today. We cannot let terrorism affect the markets.”
Every chart is at a make or break point. ES, CL, and 30s. Considering the types of plunges we’ve had the last two times we were up here… I’m not sure we’re going to have to wait much longer for a decent fall if that’s what the market is going to do. People should have hair triggers at this point.
I’m short SPY via May puts and aboard the ark via May calls.
2050 is the new 1950
Lol. People are saying fuck the oil Inventory report… let’s sell anyway
I’m so glad my 403(b) provider keeps sending me letters warning me to stop transferring funds so much. I sent them a letter back asking the stop offering two-star funds with 1.28% annual fees, and to start offering an Ark fund. For some reason, they have not responded back yet.
VIVA CHE ! Long live limp arms and metrosexuals throughout the land !
Senor Fly. You thinking about seeing Cuba before the Corporations destroy it? Thinking about it myself.
People who’ve been there say Cuba has gorgeous beaches.