AT LEAST WE’RE NOT LOWER

The market feels unresolved, as if another shoe is ready to drop. On the bright side, it’s up. The downside, banks and important materials and consumer oriented names are lower.

One might forgo the annoying process of critical thinking at this stage and simply go long. The idea is, Biden is in full control, Putin is on the run, and the Fed will do whatever it takes to stop inflation. Under such an umbrella, I cannot see what could go wrong. Imagine the freedom of spirit to just think that way and be happy. We’ll probably be up 300 NASDAQS tomorrow and those exact people will be here to “told you so.”

We as traders often over complicate things, make situations a lot more obtuse than needed. The drama we lack in real life is transposed into this one and in this one, unlike in real life, we are comic book heroes. Our thoughts and actions are deliberate because we see past the time and space veil and to be special means to be loved. It’s all psychodrama bullshit to be honest.

STOCKS GENERALLY TRADE UP. When they trade down we worry and blow it out of proportion and declare things like “it’s over.” Well, I’ve been at this since the mid 90s at least and it’s never finished. We just keep going.

Eventually if you own good stocks, even META, you’ll make your money back and more. If you’re Dollar cost averaging into a portfolio, ignore the daily fluctuations of stocks and keep focused on legacy. For all others, day traders and swing traders alike, just know the market is doomed…until it isn’t and then the market is good.