I bought 9 stocks today, including one bet against gold. I am not a particular fan of gold here, with everything reflating to the moon. The knee-jerk reaction to this rally is to hate it, but I cannot because it’s making me money. If something or someone treats you well, do you hate it because they’re disingenuous? It’s an interesting paradox, but based purely on selfishness, I am a fan of this rally — in spite of it’s visceral malevolence towards Main Street.
We are literally celebrating the destruction of small businesses with higher stock prices and popped champagne corks into each other’s fat faces.
Look, Italian crime is down 66.6% the past month.
Banks have set aside $66 billion for bad loans.
Iran is going to lose 6 million jobs.
We have complete control now and nothing can stop the buying, unless we want it to happen. Hedges are smart here, as I have mine. But the market is likely to press hot irons into the faces of bears yet again tomorrow.
Stay tuned for even more winship.
My trades the past two days.