Futures Are Limit Up; Keep An Open Mind to All Things

This is the part of the narrative that is hard to discern. I can see myself getting angry already, forced to consume content from CNBC — forced to sit thru grueling interviews of stockbrokers or “investment advisors” who go on there to tell people that “now is a good time to buy the Facebooks, the Apples, and the Amazons of the world. ” I sometimes feel those people are designed to just piss me off and keep me away from making rational decisions.

Hey, that obstacle might be me for you. You might fucking hate my guts and the service I “peddle” and come here just to wish for my downfall. I’m fine with that. Heck, reading thru some of my older posts, I hate me too and wished I could break that guys jaw for him. The point is, the market is LIMIT UP this morning and all of the jerkoffs are out and about telling you that long term cap growth works and how you’ll never time the market right because it’s not possible — especially for a moron, such as yourself. While contrived and tripe, I do believe there is some truth in that, especially how you’re a moron.

So do we step in and buy with WTI +10%, Dow futures 1,100+? I told you last night, you’d be voluntarily walking into an oven. That is a disgusting thing to do. But perhaps the Wuhan Batsoup virus is diminishing and perhaps the summer winds will bring virility back into the world, casting aside doubts and fears of contagion. I don’t know how we got here, but I refuse to believe this fucking virus is going to rule dominion over me for more than another month or so.

Sure, the ramifications of quarantine and fear have slowed growth, but eventually shit will get back to normal, except the oil sector. That is fucked.

I think I have a pretty firm handle on things and like to believe I am more student of the market than teacher. There is always a new trick to learn; but some shit is repetitive and human behavior awfully predictable. Such as, when people are in unison against the market and believe that a low probability outcome, such as total financial collapse, is about to happen — that there Sir is a fade. Admittedly, I did not have the eternal fortitude to hold onto my leveraged 3x dynamite sticks yesterday and would be completely elated this morning had I done so, but I am 100% long in my longer term accounts and will recover some of my lost coin today. My trading account doesn’t have any shorts, but is limited because of my 75% cash position.

I will actively ignore any person interviewed on CNBC who has a series 7 license, out of fear such a person might dissuade me from getting back into some long positions. Today is FOMO day. You will crave to get in and I will too. Try to remember the fires and the heat you felt from the burning attacks upon your portfolios and also remember that a V shaped recovery is an ridiculous notion. The last time markets endured this type of technical carnage, according to Exodus, was September 2011, and it took about 3 months for markets to break out, constantly offering traders false breakouts, ensnaring them in ovens designed to look like comfy mattresses that eventually roasted many to a blackened crisp.