I bet you piece of shits loaded up on VIX calls yesterday, hoping for a collapse today. MUHHHH the war, MUHHHHHH inflation, MUHHHHHH Biden has cancer and COVID. Meanwhile, at the office, stocks are doing nothing but go higher. The SAAS trade is back for the summer, sizzling hot, and nothing seems able, or willing, to stop it.
Now you might be thinking: “OMG but I am short. When do I get respite Fly?” You never will. The market has now priced in everything short of a Iskander missile landing in London. No matter what the news is, the market is going to like it. This is why we are going up — priced in — all of it.
For the balance of the day, expect sideways pin action and perhaps a minor CRASHING OF THE FUCKING CLOSE just to mix it up a bit — keep you on your toes. Although, I would not expect it with any level of confidence — since the path of least resistance is HIGHER.
HOWEVER, a crashing of the close would not only be nice, but also chic and classy. I do believe the excesses in the market DESERVE punishment. I am not suggesting bulls should have their hands and feet chopped off at the Catherine Wheel, and then battered with a club until ripe. But what I am hinting to is a smathering, if you will, of sell tickets to deluge the close.
That’s all. Relax. Nothing too crazy.
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It’s a little rough on the water today, but nothing the yacht can’t handle. Just a pity post since your usual suspects are too busy working a second job to post comments. Market flying, low unemployment, cratering gas pump prices, and Trump allegedly producing his own Staircase docu-drama starring Ivana. Biden’s corpse just might win in 2024 if this shit continues. Unless of course he gets into Pence’s Secret Service-protected limo. Carry on.