Markets exploded this morning, NASDAQ +200 and those disgusting growth stocks are at it again. I should know, since both my quant and long term dollar cost average portfolios are up 5% for the session. As a value man, I didn’t find the need to attend work in the morning today, since my portfolio is built of sturdier materials, created to withstand the test of time. Granted, the “doubled sized” SQQQ position and SOXS might hinder it’s growth going forward, I am most confident that greater minds will conclude that to have value in one’s portfolio, in favor of disgusting growth, is of course the preferred metric in this market. I imagine it to be quite the fashion trend setter, if I might be so bold.
I know what you’re thinking and yes it’s true, I am down 300bps in my “trading account” today and yes that is not a number that can be viewed as constructive or conducive with net worth appreciation. However, I assure you, greater minds will prevail over this internet fad and it won’t be long now before HSY and CPB is on the buy lists of every great family in America.If you enjoy the content at iBankCoin, please follow us on Twitter