Anyone who owns bonds is getting their brains blown out, as yields SURGE to new recent highs. The 10yr is up a staggering 11bps to 1.75%, in what we can call yet another irrational Wall Street panic fest sponsored by morons. Have we learned anything at all these past 10 years? The Fed WILL NOT mess with markets. We own them.
The NASDAQ has succumbed to CATACLYSM, now by more than 200. At the same time, NFT token stocks are ripping heads and shoulders off. Stocks like TKAT and OCG are leveling whole cities and the people who own them (LOOK AT ME) have the biggest dicks in the world.
That being said, I pressed my luck even further today and went from down 100bps to up 100bps to now down 200bps — because moron. I bought everything that ran up, and now I ride them as they go lower. I took the Ls, cut the losses, and now have 55% cash — but the stocks inside my portfolio are still weak.
Alas, this is the price we pay for greatness, Sirs. If you want 200% gains by March, you need a really big dick and you really need to do things that others aren’t willing to do. That said, the down days are perhaps a bit grim and dark. But it’s important to associate zero sentiment with positions. If you’re in XYZ and it trends lower — fuck it and sell it.