I mock the stock Gods because there is nothing they can do to stop the Fed and the upward surge of stocks. The idea, mind you, that people can lose money in stocks is laughable. In the olden days, I’d sell this tape and go short, eagerly awaiting capitulation. However, from my vantage point, today was an excellent time to sell the trash in exchange for quality.
That’s exactly what I did, as well as get long some 3X ETFs.
Today’s drubbing, off by 4.5%, wiped out my gains for this week only. I am fortunate in that regard and will keep focused on making it all back, and much more, in the coming days.
Yesterday’s retarded tweet by Trump might’ve irritated the level pullers and today’s decline is merely ironic. But let’s not forget, shit went up with GDP tracking at -50%.
Relax, eat a sandwich and fuck off.
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— The_Real_Fly (@The_Real_Fly) September 3, 2020