Yesterday we were mired in the worst economy since the Great Depression. Today everything is ideal. Stocks are higher by 700 and nothing can stop it. However, breadth is fat and weak and I have tried and failed to produce intra day trades of any varying success, mired in a 0.9% decline. Luckily for me, the Quant is +3.5% and has made today profitable, albeit at the expense of 10% losses since the month began.
We are, undoubtedly, in an odd market, where breadth is narrow, but momentum is infectious and pervasive. Retail participation is at decades high and TikTok investors are leading us towards a grim ending. Before that happens, however, I expect even more depravity and wanton chicanery.
I have 40% cash and I am interested in going all in before the end of the day. Why the fuck not? Who is going to stop me?
On an unrelated note, my local tailor turned my $150 pants into fucking high waters and I am going to kill her now.If you enjoy the content at iBankCoin, please follow us on Twitter