I’ll be traveling throughout the day and don’t feel like posting much in your current disposition. I’ve noticed the tech scores in Exodus have been very weak, but not weak enough to warrant an overall oversold signal.
Crude is knifing lower again — off by another 2%, leading commodities to the downside. There is a palpable fear out there now and you should be concerned. The ark is flooded, rates are now going higher on a daily basis. Equities are very weak and complacency is high.
I’ll stay 100% cash, sitting on +6% gains for the year, until the commodity picture improves. Bear in mind, this isn’t your homosexual Obama tech trade. That is dead. The Trump trade is predicated on industrial might, a certitude that America will be great again, bringing with it commodity and construction stocks.
If you’re not seeing this, you’re simply pretending, masquerading about the streets, engulfed in ignorance.
My plan for today is coffee and some reading. I’ve been reading all of F Scott’s works, including his essays and short stories. Beautiful work.
All that aside, I’m sure there are some stocks doing well, nearly half of stocks are higher today — but they’re not central to my thesis, so I don’t feel comfortable with it.
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True story: stumbled upon a 1st edition of All The Sad Young Men at estate/ tag sale. Jacket had some issues. Paid $2, sold for $3,000 for 150,000% profit.
A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. – Ralph Waldo Emerson
Drive safe Fly. Is that even possible when your car doesn’t have breaks and you have to crash into stuff in order to stop?
You’ve been through all of
F. Scott Fitzgerald’s books
You’re very well read
It’s well known
Because something is happening here
But you don’t know what it is
Do you, Mister Jones?
Is your taste for coffee as refined as your tastes for wine and liquors?
Homosexual giraffe sightings are down on Wall Street. The prudent trader will be booking gains right about now.
natty gas is sporting more wood today… frac sand stocks not so much….
The Canadian oil and gas stocks are trading down to prices last sen when crude was at 38.00/bbl……
F. Scott – A True American Alcoholic
SLCA… 2:15pm. this thing just started to get up and dust itself off… wowza
I will take Mark Twain over Fitzgerald, but Fitzgerald wayyy over Hemingway and Wolfe.
And it is true that Truman Capote wrote the childish to Kill A Mockingbird.
Hemingway and Faulkner are the two most overrated pieces of shit ever.
6%!!!
XIV is up 40% plus YTD.
Just buy XIV regularly. 55% long. 45% cash or a ten year unleveraged fund like IEF, or anything in between cash and 10 year paper. Rebalance after VIX spikes. VIX spikes are temporary but contango losses are forever. VIX tracking ETFs are flawed which means free money when you short. This is mathematics.
Rates won’t matter when half of your portfolio is up 40% in March. The world has been on the verge of apocalypse for hundreds and hundreds of years.
28% YTD.
Maybe I’m full of shit but the chart isn’t.