Bold enough to place my balls where my mouth is (NO HOMO), I would be remiss if I didn’t warn you against the idle notion of betting against this tape. It’s a rare event to see a stark reversal one day following a +900 point day. There is wind in the sails of all leveraged bull-tards now and you cannot stop the buying.
With the nearly 4% gain in copper, it appears a V SHAPED economic recovery is what we’re pricing in now, even though none of the actual forecasts suggest such a thing is possible. Just yesterday Goldman said Q3 GDP would be -30% and they no longer sought a full recovery for Q4. But who are we to fight such trends and happenings? I am merely a servant to fashion and right now I am tethered to the long side.
Although tempting to short shit to zero, the time isn’t ripe and wayward bets only serve to succor fanatical fantasies fueled by weakened emotions, all thanks and praise to COVID-19 — a stunning success!If you enjoy the content at iBankCoin, please follow us on Twitter