In the Era of Joe, value stocks will rise again, just like the south never did under any administration since Lincoln. I must tell you that I booked tremendous gains today in an array of names — up more than 240bps for the day, a day in which I bore witness to SAAS stocks and other growth vehicles of perfidy trade lower. This is not the sordid market you once had under Trump, the Charlatan. Your capital gains will be taxed thrice and your trading behavior SEVERELY FROWNED UPON by the incoming administration.
Robinhood traders will be annihilated under the Era of Joe — two bit accounts detonated with dynamite — 5 figure accounts laughed out of the market amidst trade ending margin liquidations.
In case you’re wondering, yes I had a good weekend, not a great one. I played some tennis, cooked a bit, and laughed in moderation. I am now back to work and will be trading for the balance of the day. My bias is to the upside, with a strong feeling about value plays and I can only hope on the stone of Jupiter that bubble stocks continue lower and the chasm between haves and have nots widen to a degree that becomes untenable.
WTI is breaking out to the upside, because max pain dictates the guy who wants to destroy it will help it go up the most.If you enjoy the content at iBankCoin, please follow us on Twitter