So simple even a fucking moron can do it. MAXXED LONGS are feeling their oats right about now, as markets rise in the face of unimaginably horrible news. I cleared out my trading this morning, for a minor gain of +22bps. I had expected a loss of 1-2% based upon the piece of shit stocks I had in there. I was helped by an 8% position in SQQQ, which I bought in the after-hours and sold first thing the market opened.
My PERMANENT BOOL Quant account is +230bps and my YOLO account is +8.2%, due to a MAXXED long SQQQ and then quick trade in TNA this morning.
Bottom line can be best explained in the shares of TARK, which is 3x ARKK — which was +13% yesterday and +8.5% today.
Also, cryptos are rallying. Interestingly enough, according to Stocklabs seasonality, October is the best month to own BTC.
OCTOBER HAS BEEN BEST MONTH TO OWN $BTC
Via @stocklabsapp pic.twitter.com/zdAnX9c8zR— The_Real_Fly (@The_Real_Fly) October 26, 2022
The other issue pertains to crude stocks, now at 40 year lows.
US OIL RESERVES AT 40 YR LOWS pic.twitter.com/ojw4gtlH9I
— The_Real_Fly (@The_Real_Fly) October 26, 2022
This is important because the Biden ass-clowns are releasing our reserves on a daily basis for the explicit concern of rigging prices lower. Whilst one might argue this is a good thing to suppress the price of crude due to the inflation issue. On the other hand, one might also say its reckless to do this at a time of world war pending. One might also presume by releasing the SPR into the market with the intent of having to buy it back — you might risk a nightmare scenario of NO RESERVES and forced to buy it all back with prices above $200 into your fucking face and much much more and beyond.
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Maybe they’re just rotating stock, they want to replace that old oil with new pretty oil. Needed to wash the floor and the barrels were getting in the way. Don’t worry though im sure they thought about the repercussions with timing the market and not looking like fools.
Blame Biden when oil is higher. Blame Biden when oil is lower.
Imagine if the SPR chart was adjusted for demand growth (e.g., population growth, GDP, etc.) – Brandon and his party’s sheer, brash, don’t give a shit, in your face selfishness would shine through ever so much more.
What a POS.
Squandering after realizing restricting exploration had a price. In any case both sides of the aisle play the same.