I used to concern myself with the machinations of Wall Street.
“How the fuck did that happen? Wasn’t anyone paying attention?”
But after the financial crisis and definitely after the Greek crisis of 2012, I concluded that Wall Street no longer existed in the traditional sense and instead was domiciled by speed jerking lunatics who didn’t care about anything but upward momentum. You might look at the CoronaVirus business and wonder why investors aren’t freaking out. How is it possible for Trump’s trade war vs China to not only not have an affect on stocks — but if anything a bullish one? After Trump got done with China and their beautiful economy, the Chinese must’ve fucked themselves with this Bat-Soup virus and now their entire country is being treated like the plague. Business must be horrendous. In NYC and San Fran, Chinese eatery sales are down 50-70%.
Aside from crude and copper markets, one would never know there was a plague going around. By God, futures are sharply higher again and AMD just caught an upgrade! I know what you’re thinking — “what about the semi supply chain? Isn’t everything made there?”
Shut up. We’ll have none of that nonsense. Go wash your mouths out with soap. We’re pricing in the pricing in of all of that and now we’re pricing in a normalization of business and then after that — we’re pricing in a post plague boom. This is why stocks are higher.
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Hello Fly, how much of an effect are the low cost index funds that EVERYONE is dumping their paychecks into with their 401K’s each week affecting wall street? Is it enough to just continue to bouy the markets and maintain the slow melt up despite any real concerns, black swans, economic events, etc???
The banks went full mortgage orgy, financially destroyed 40% of the people in this country and GOT PAID DA FUCK BACK FOR IT BY THE GOVT. There is no such thing as downside risk anymore for those with money. There’s downside, but there’s no risk anymore. Just a better opportunity to make more money
Your post a couple of days ago said it best:
“The moral of the story is to fuck off.”
“We’re pricing in the pricing in of all of that and now we’re pricing in a normalization of business and then after that — we’re pricing in a post plague boom. This is why stocks are higher.”
Hilarious, but true! The Fed is fully-aware they are creating an asset bubble, but they don’t care. Stay full-tilt long the SPY until the Fed says otherwise.
I’m pricing in the odds that Eric Baker Bruce is speed jerking with 20-grit sandpaper to rudimentary cartoons whilst searching ‘momentum’ on investopedia at 99.9%.
That’s what he calls his “short squeeze”
more profound posts from the two biggest intellectual gimps on this site
Numbers probably scooping up more cheap TVIX with both hands
Fly I’m down here in Chapel Hill and fixin to find me some good grits. What do y’all recommend?
There no such thing as “good” grits, but if there was you’ll probably find it at Elmo’s Diner in Durham
In fact, Durham is probably the best place for any food in the Triangle unless you just want something generic.
ROKU trending up strongly.
I have no idea if ROKU’s results will actaully be good, but I think they will be will be viewed favorably. Unless the market falters (big if), this stock wil undoubtedly tag $147 before earnings and probably $160 afterwards
King Midas you are not
“Unless the market falters (big if)”
Try and keep up
PS Thanks for calling the bottom in TVIX. Took your advice, and it’s already paying off.