Market early going looks solid, with risk on in all of the alpha areas of the market. Whilst yesterday looked grim and foreboding, today looks more of the same — a continuation of the recent rally.
Chips, internet, biotech etc — all bid higher.
Since it’s a Friday, expect a slow and methodical market, like hot molasses dripping slowing out of a jar placed on top of a picnic table.
I will be hedging the close, however. Even during this recent rally, Mondays have been a layup for downside action.
The Larry Finks of the Wall St. / Washington corridor want us to stay invested and also buy more stocks. That is how it must be and so it shall be.
Besides incidental paperwork (not mentioned), this is one of your Major Duties:
“Carry a firearm and be willing to use deadly force, if necessary.”
Hmmm, what type of individuals are attracted to such a position?
The kind that go to church, cut you off and flip the bird as they peal out of the church parking lot. Nice folks.