A Well Earned Reprieve

I was spared the gallows today and netted +0.86% in what I can only describe as a reprieve — since my market hand is cold and my timing off by a few minutes. After the close AMZN posted better than expected results — but NET, SNAP, AYX, PINS, COF, ZS have collapsed.

Let me be on the record to clearly state that the numbers after the market close today are extraordinarily BEARISH. If you take out the anti-trust offender Amazon, the picture is very clear: the economy sucks.

Is it wise to infer the economic forecast by the earnings of our beloved faggot monopolies? I think not, and also beg to differ.

I kept a 15% SOXS position and loaded up on olde man stocks. If you are a long term investor and seek guidance — look towards big cap stocks with a beta less than 1, paying more than 3% dividends.

Tomorrow is Friday and I am sure you think all is gay and merry. But I warn you here and now — a great collapse is coming and it looms. Be ready for it.