My time on Wall Street taught me the vast majority of traders and investors, in varying degrees of success, are nothing more than infantile sociopaths. These are childish men with penchants for superstition. There isn’t a chance in hell the Dow doesn’t hit 20k before the year is up.
Fucking retards.
I’m sure the options markets are loaded up with premium now, so there’s likely very little upside there. The move from these levels is a little more than 200. It’s gonna happen. I promise you. I’d bet my fucking testicles on it.
Early going, all of the risk on trimmings are presenting themselves. No need to repeat. It’s noteworthy to see Italian markets going apeshit after they fired their President. Understand something, everything is good news.
Tomorrow is Yellen day. She’ll hike rates and tell us to expect more. Markets will love it, Jack higher to Dow 20k, then everyone with circle jerk to the Wall Street soundtrack.
It’s all a gigantic fraud, but one highly predictable. I realize my actual positions don’t jibe with what I’m saying now. Consider my portfolio dead man walking. All will be cast aside and I’ll start fresh in 2017.
Gunshot to the head pick: banks continue higher, Dow 20k soon, WTI $60 — all before year end.
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I’m glad every now and 9.5 posts you return to writing about the markets.
Seriously though, just buy XOM and GS. Follow the Money.
Is there any belief that the Fed won’t raise tomorrow? As it’s been noted before, the Fed has never raised when probability hasn’t been 100%. Currently, we are at 95.4%, which although is extremely likely, it still isn’t the magic three digit number. Just some simple musings.
I’m pondering the same thought.