Markets Rampage Higher — SAAS Taking a Backseat

SAAS stocks, the only part of tech worth investing in for the long term, is lower by 0.3%, at a time when the Nasdaq is +225. I wouldn’t look too much into it, especially since markets work in mysterious ways.

Sadly, and I report this to you in the most somber tones possible, I am not participating in this rally. My quant, incredulously, is lower by 1.4% — because stocks like ZM and FVRR are being crucified. My trading is barely up (+0.4%) and I am more or less sitting here with tears rolling down my cheeks, hoping for something wondrous to happen to me, such as a SURPRISE HOSTILE TAKEOVER for one of my holdings before the bell. Or, perhaps an FDA approval for my biotech holdings, or all of them. Magical thinking is indeed the most benign form of mental illness, so I don’t mind letting my thoughts carry off like wisps in the winds.

I like COVID-19 plays into the lockdowns, as the globe suffers under the pangs of government and illness. The lack of hospital beds, 1 yr removed from the onset of the pandemic, is the direct result of greed. People have moved out of greed and profit margins, instead of morality, and you won’t hear anything about this in the coming weeks and months. You will only hear about the necessity to shut it all down, in order to protect the elderly, due to lack of beds, but nothing about the fact that China doesn’t have these issues. I wonder why?

We keep chasing the dollar until it leads us directly into the grave and beyond it via Dynasty Trusts and elaborate foundations in order to place our mark on society, in the most narcissistic ways possible.