I didn’t want to admit the market was going to rise by 500, so I ended up flat for the session — giving up early gains of +95bps. These type of things happen, when you are a dynamic thinker. Those one track minded PERMANENT BULLS of course made 2% today and every other +500 point day; but they will also feel the wrath of my sharpened blade (made in China) when the worm turns and the mood darkens.
In typical American fashion, nothing matters. The scum ran prices up instead of lower and I am sitting with a loss on my SQQQ position.
Since I cannot be fooled either way, I also possess a sundry of longs and am leveraged at 108% due to my outsized SQQQ positions. That’s neither here nor there. The point here is to withstand the BOOLISH barrage and relinquish the longs into rallies but bank on there eventual demise of both Jim Biden and the US stock exchange.
Whilst this might sound like a rather curmudgeon and bleak outlook on life in general, I cannot tell you how elated and happy it makes me feel to know I am living to see the end of western finance as we know it today and look forward to the happier times to come in a caravan of armed wagons shooting at one another on the trade route.
There is a hope and a dream of a November rally — based upon seasonal factors. There are those who will point out “America loves to stuff their fat fucking faces with stocks before cranned berries” and that betting against the market in the month of November, ahead of the pagan holidays, is sacrilege. But this is stupid, since Americans do not posses an iota of religion and scatter away rather quickly when the bear comes looking for food. I suspect, and again I am only speculating here, the bear will be famished during November and will walk heavily upon the stock exchange biting off the heads of traders and spitting them into their Bloomberg terminals, whilst taking a shit atop of Goldman Sachs’ trading desk.
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November 8th.
It’s National Worm Turn Day.
Since Joe Brandon is not running in 2022, and he has gotten
most of his excellent stuff thru in his first 21 months, we are
in good economic shape as a country, until the moronic
Republicons fuck things up after their 2024 election sweep.
As they ALWAYS do. Total fuckups for Governance.
And the American Public, too stupid to know that things are
good now, will cut their own throats by voting GOP. TWICE.
How fuckin’ dumb can people be?
I surmise you think inflation through the roof is good economic stuff? Supply side shortages galore is excellent policy for America? You like to live under rocks?
I think that in these days of wealth disparity and
relatively high per-capita federal debt, 4 to 5%
inflation coupled with 5-7% wage growth and
high tax rates on the very rich are good ideas.
So does Grandma, who can get 5% on her CD’s.
In some cases, like yours wealth disparity is quite justified Without realworld knowledge, individuals such as yourself will unfortunately fall further and further behind. You would do well to align with reality on occasion. Bankrate shows ave cd rates under 1%
Unfortunately for Grandma she getting poorer by the day with -3% real savings. But then, all those on the rich side of the disparity are getting richer watching their mountains of debt decrease without lifting a finger. Yep – Brandon sure knows what he’s doing (to us.)
Grandma is doing fine. Biden gave her an 8.7% increase
in her Social Security check starting in January.
“Biden”