Not Interested in this Tape

I’m pretty sure we’re all organic AI BOTs, here on this flattened planet to create for whatever reason. If AI was sentient, it wouldn’t matter if it had a cool backstory like us, or simply created by programmers. If you think about it, the human body is by far the most advanced form of robotics, able to multiply and make all sorts of interesting stuff. We went from horse and buggy yo to space rockets in a hundred years and now we recreated the AI to make us even better.

Think about it.

I’m not participating in today’s tape, basically flat for the session. I’ve had a look around and can’t find anything that I liked, so I added to my SOXS hedge.

On the whole, breadth is good, rally is broad — but I can’t get over the fact that Chinese stocks like TOP and MEGL are up 800%.

Maybe later I’ll find something I like, maybe not.

On the issue of the quant hybrid model, I’m stuck on whether the low beta stocks should be near 52 week highs or not. If I only choose from the 52 week high list, I severely limit the pool of stocks available to me and if markets ever got really bad — I’d have nothing to buy.