The day is young, but I like what I see. The breadth is more or less at 50% — both Dow and Nasdaq sharply higher. Commodities are dead — and I closed out my hedges for small losses. Still, I am off by about 1% this morning, thanks in large part of a pastiche of stocks not doing much of anything but trade lower. But I like my chances catching a seam today — because it’s Friday and because God has designated me as his go to money making machine on this flat flat planet.
In the event I am wrong, I suspects I could lose up to 3% today, given the shit that I own. But let’s not think about that and instead focus on the fact that I am 50% cash, with 100% of my balls intact.
Lots of momo stocks are getting hit and it looks like a giant raping out there. Nevertheless, I remain stoically optimistic!If you enjoy the content at iBankCoin, please follow us on Twitter