Over in Stocklabs just 6% of stocks are rated bullish. In the past during periods of panic, such a low reading preceded a mean reversion rally higher. I suspect that’s exactly what’ll happen next, although it’s never clear beforehand. The current state of things has people in a grim mood, foreboding even. If you’re long to the hilt, you’re having a 4 martini night today.
I, on the other hand, closed up 190bps, went heavily long and short in a combination of positions that will hopefully arb me a gain of 1.5% on Monday.
If you want to know how I made 52% in this type of market, don’t even bother trying. I was built for bear tapes and have exceptional instincts buoyed by my algorithms and tools that helps me crush. You’re way better off following exactly what I do than ever trying to do it alone. Eventually, as is the case now, I’ll end up way ahead.
After the move higher, we are going to rush lower again.
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Not feeling the panic yet. Just a little barf having over induldged so to say. Recession, long over due, will be happier than inflation. And a welcome end to various fluffy shit such as ESG and marxism hidden by sugar coating.
I closed some shorts today but couldn’t make myself close them all. Really feels to me like it’s not panicked enough. If we open down on Monday I will probably close almost all my shorts. Monday
I closed some shorts today but couldn’t make myself close them all. Really feels to me like it’s not panicked enough. If we open down on Monday I will probably close almost all my shorts. Monday
I wonder if the turrets now oppourating the trading desks in summer doldrums feel the same thoughts?
Your current position (from earlier post) is mind-blowing. Good luck Monday, Sir.
Your current position (from earlier post) is mind-blowing. Good luck Monday, Sir.
Hah! We’re not double-posting because we’re so proud of our comment, but because we’re watching the Interwebs disassembling before our very eyes as the catastrophic end of all things is now well underway.