What a wonderful tape! The market looked dreamy for 3 mins and then collapsed like a sieve. But don’t worry, Chinese burrito stocks are strong and they’ll help us get to the promise land.
Nevertheless, I sold everything I owned at the open, locking in an 8bps gain, which I will now use to buy myself another yacht.
More importantly, and don’t forget, Stocklabs now permits free trials, cancel at any time. I tell you this now energetically because I am up 8bps for the day and figured you might want someone to help you replicate such grande returns.
I don’t like playing with a volatile tape like this, not because it’s hard. I’m able to trade it and make money, but at what expense? The stress levels it takes to perfect volatile trading is probably the greatest contributors to cardiac arrests outside the vaccine. I have a great blog planned for the vaccine which is of course fascinating to me and don’t want to ruin it now with spoilers. Let’s just say they have a great gig going with all the police and public shaming working for them around the clock to get them new customers.
If only I could do that with Stocklabs, I wouldn’t even have to worry about squandering my 8bps gain.
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The Bitcoin Maxi thesis is Lindy Effect
The Alt-coiner thesis is competing Cantillion Effect
Woo
yep, daytrading + fuljabz = not a customer/of this earth
How are life insurers doing?
OneAmerica, a national life insurance company in Indianapolis, reports people (18 to 64) are dying at a rate that is 40% higher than prepandemic rates
also been an uptick in disability claims. most claims are for long-term disabilities
Hospitalizations in Indiana, the highest in five years
The Insurance Regulatory and Development Authority of India reports a 41% rise in death claims in 2021
There is also a huge uptick in cases of priapism. Richard Weiner will be updating us shortly with numbers of cases reported.
Le Fly – this is some of the greatest prose I have ever read. No Saget
Today’s relief rally brought to you by treasuries digesting last weeks move.
Together with Powell jawboning, stonks are up a bit.
But commodities also heard the mouth moving and are up double to triple the bond and stock move.
Inflation will not be talked down. Powell has no credibility. He either puts up the hikes he has promised or we go the path of Turkey. Either will be painful but different.
One of the more amusing revelations in all of this is that at least one of the 4 personalities that inhabits Tyler Durden is long stocks, short bonds, or some combo therein, judging by the pros.