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Need something to read, might I interest you in my two books about the dot com implosion and how I managed through it and blew the fuck up?
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Self-promotion over.
I added to shorts at the end of the day, to offset any losses I might endure in my longs. I have an interesting blend of longs and shorts. My shorts are via ETFs and longs are loser stocks with heavy short positions in it — subject to wild squeezes. I will most likely sell all of my longs in the coming days and prepare to be FULLY SHORT into the reopening of the American economy.
The news isn’t baked into the cake yet and people are feeling awfully giddy, when considering the fact you CANNOT FIND A FLIGHT FROM RALEIGH TO NJ even if you tried.
Look, the time to get long was when I maxed out of fear and sold my retirement account and quant. Those monies are still sitting stupidly in cash, accruing dust. My trading account is on fucking fire and I quite honestly am having the best of times trading these ranges.
Into tomorrow’s open, top picks are short banks, short oil.
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FWIW, the Yen has been gaining strength recently and my bots have been on it–especially in the last 24 hours with dozens of trades made.
japan has massive federal debt and QE, an extremely old population with deflation and still the yen gains on the USD. that’s a cause for concern as it shows the real weakness of the USD (even as it gains on the POS Euro).
That’s just a note on the overall changing risk sentiment; wasn’t making a statement on political economy.
In the old days (pre-2020), Yen strength typically implies risk-off. Look at the ES right now (been drifting lower since this afternoon). But not so sure what to make of it post-COVID.
In the anicent days, (pre-2013 or so), AUD/JPY (the OzYen) was one of the most reliable risk-sentiment indicators till Abe took over.
In the prehistoric days (pre-2011), CHF/JPY (SwissyYen) was also useful till the SNB did the unimaginable.
In what will soon be called America Two, oligarchs like the Fly will force the proletariat to drink “cocoNUT water” which is just a concoction of black guy jizz and WD-40.
Quite sure it works better if you ingest *and* inject it (the MAGA way).
Time for a late night drive to NJ (no Ribeye)
Short MGNX. Look at the chart when it spikes.
Nice call
JPOW is gonna make it rain
punch me in the face with this market
big day today. Will thee gap finally close?
4/29 close: 2902.50
5/4 high: 2886.12 (afternoon)
“A swing and a miss! Strike 1.”
5/5 high: 2885.88 (very early pre-market)
“Look at the heat on that one! The fastball hit the catcher’s mitt before the batter saw it. Strike 2.”
5/6 high so far: 2886.12 (at the open)
“The pitcher wind ups, the batter swings hard…”
Shout out to you, too. Went long around 11:00.
Shout out to Purdy re real estate. DRV looks really good IMO.
Thanks, I was unaware.