So I am supposed to tell you how everything is great now since AAPL best estimates and is higher the AHs. I will also tell you I was chopped to hell and back today, in a wide pastiche of ways — a session that was born into success but ended in failure — much like the human experience of most people.
We rally and then we collapse. We have all sorts of things to worry about and all of this grinds us down and raises our “pink levels” to 100000%. The way to manage through it is easy — trade less and hold more cash. I ended with 50% cash, down another 1.6%, now laden with shorts in a manner which I had hoped might disconnect from traditional bull market correlations.
I am short oil, banks and long VIX. This blend is sure to be a money loser tomorrow. Good thing I am heavily long SAAS via WCLD and tech via TQQQ. I’ll be lucky to walk away with a 10bps gain. But the issue isn’t the opening tick but what you do with it. Do you sell the longs, keep the shorts or keep the shorts and sell the longs?
We are all worried to death about missing out on the rally to come. We can see it and taste it and we understand if and when it ever bounces — the cocaine will flow furiously and the dicks of shorts severed expeditiously. As we wait, however, we are the one’s having our dicks removed and if this pattern keeps up there won’t be any fucking to be done once the sellers exhaust themselves and fuck off for good.
BIG PICTURE OUTLOOK is for spiraling economic statistics, followed by a collapse in the housing market and overall doom. But before we get there, thanks to Apple Computer, we might rally for the next several days, or perhaps hours.
If you enjoy the content at iBankCoin, please follow us on Twitter
Yeah the problem with reading too much into AAPLs success here is they bought it at the expense of just about everyone else.
The terracaps are monopolizing as much of the supply chain as they can at the expense of even their own suppliers downstream.
Remember, NO VOTER ID!
“Biden admin torched over bombshell footage: ‘Literally breaking the law'”
https://www.youtube.com/watch?v=LyLhI7YVweE
-because voter ID is “racist”…
“‘The Five’ reacts to bombshell video exposing Biden’s migrant cover-up”
https://www.youtube.com/watch?v=ZBeoXGtOCcY
I would be willing to allow every single illegal into the country on the condition that your dumb ass is kicked out.
Apple schmapple. Inflation is here, stimi checks aren’t. Apple’s sales growth, at best, slows.
More important question is: will the incumbent congressional tools see it as being to their advantage to go along with the distraction of a new war now that the economy is going to tank.
Agreed, the giant sword hanging above the sheepletons’ (includes congress -especially congress) heads is a war.
My current thinking is to bet on arrogance and stupidity. These are clowns who never had a real job their entire lives. 99% don’t understand how anything works. Case in point, our illustrious VP while recharging an EV commented that there was no gurgling sound like gas going into the tank – Why yes madam, you are a complete fucking idiot. That’s your typical congress critter.
They really believe there was an insurrection in Jan. – with no weapons. They think invading Russia is another sport war like the invasion of Grenada. They don’t understand that China will help the Ruskies as much as they can. They don’t understand the new war is never like the last war. There will be no subs in the Atlantic. Cyber war bitches. Now that I think about it, I can imagine the Russian & Chinese hackers targeting these “high-powered” buffoons for shut downs – power, water, sewer, cars, internet, cell phones. you name it
Shitcoins out; stable coins in. and wait.
Are you back on acid again? You know, that stuff’s going to fry what little is left of your brain.
Trust me, I’m a veterinarian…
You’ll be working as a vet until the day you die once your retirement account is gone.
Awesome commentary!
Bob, remember you can change yourself anytime you want. You can post something of substance some day, any day, even today. But it will require some effort.