Stocks Bust Loose to Start Off November

Consider the following:

November is unequivocally the single best month for stocks.

Now consider the 6% gains in the IWM and 3% in the QQQ and contemplate the average returns enjoyed by investors during November.

See where I’m going with this?

It’s over Johnny. The bulwark of the gains have already been given to you and now you’ll have to earn the rest. The idea of us repeating last year’s mesmerizing SPAC induced rally is next to zero. The idea we can rally like we did after Trump won in 2016 is a pipe dream. I am for stronger stocks and I am still bullish — but fuck off if you think we’re getting MOAR than 6% for the IWM for November.

The only way I see us getting 10%+ is if the dollar gets hammered to pieces and oil gorilla runs to $100.

With that in mind, I closed Friday fully long and exposed to a morning rape. I’d like to believe we can eek out another 6% from now until National Festival — but the odds are forevermore against me and I am saddened by this — to such a degree — I am crying while writing this bloggery.

All that aside, I am excited about the market and like my chances at extracting a lot more coin out from the market from now until 2022. We are fortunate to be in this position, able to invest money and double and treble it with relative ease. The vast swaths of America are bedraggled by impoverished quarters, dependent on food stamps and criminality in order to improve their lives.

So the next time you look at your statements and curse out the kids because your gains are single digits, remember the neighborhood fentanyl dealer and his plight having to feed his 12 kids via food stamps and be grateful for your bullishit 6 fig brokerage account and 7 fig Coinbase accounts.