The greater a person’s ignorance, the more he or she thinks they know what to do. If you understand that you’ve been on the receiving end of a decades long bull market and all of your achievements are ordinary, you will then begin to humble yourself and accept the idea that maybe there’s more for you to learn.
Today I ventured out on a limb, play the long side. I did it with size and never thought twice about it.
The turn in WTI did it for me and the lift in oil stocks cemented my belief that 2019 will begin with a bullish flavor. Perhaps we drop later on and there are numerous concerns in the high yield market to pay attention to. But for the love of Christ, we’re down 20% over the past 3 months and even during the worst of 2008 did we have to endure a seemingly uninterrupted hemorrhaging of selling of this magnitude. It only got really bad after Lehman went bust and mortgage bonds were 20 cents bid.
Take a deep breath and enjoy the ride, FUCKED FACE. Markets glitched out last month and will soon recover.
How do I know this?
It was willed during the recent rituals at my local Grande Druid lodge.
Top ideas: BRZU, TNA, CLF, SLCA, HUBS. Basically, I’m fucking long.
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