Dow 24,000 Here We Come

Another day passes by and new fresh record highs. About last year this time, I fought the rally like a mother fucker. I figured an Orange Gorilla in the White House who’d be able to get nothing done would be bad for stocks. Little did I know that Wall Street loves Orange Gorillas, especially because they can do nothing.

That’s right. The Trump administration is all about bark, zero bite. He’s like your elderly grandmother at night, menacing to bite you without her dentures. While it might be scary, it’s entirely harmless and you just need to learn how to laugh more.

I’ve been laughing with savage qualities for the past 6 months, much to the merriment of my brokerage account. I’ve taken a two pronged approach to the market — one systematically and the other discretionary.

Today’s rally is centered in banks, materials, tech and retail. The latter is the riskiest play, but offers the most upside. Once again, who’s buying M into the holiday season?

In about an hour and a half, I will be updating my quant account. Unfortunately, I got caught with a little CELG in it. Alas, those are the breaks sometimes. In my balls on the table chopping carrots rapidly account, I had a solid week long EDIT, COHR, HIIQ and YELP. My biggest loser is the one I like the most, HMNY, off 18% of the week.

I get it. There are so many reasons to hate Moviepass. But it’s going to work. Those fuckers are going to push the ram against the wall and force AMC to bend the knee. It will be a joy to watch as a shareholder. The way I see it, the stock is either a 10 bagger or a zero.