If you were charged with the French defense at the Maginot line in 1940, attempting to repel a Nazi invasion and those Nazis simply went around all of your elaborate works and pickets — leaving your left flank exposed — what would you do? Lesser men would surrender the entire country and spend the rest of the war in rusting destroyers in Martinique; but not I.
Today I stand before you victorious again, +32bps. I saw the Nazis coming and instead of letting them parachute their shock troops behind me — I furiously fired anti-aircraft batteries into the sky — ruining their plans.
I AM NET LONG and although this may chagrin a great many of my bearish friends out there — just know I hold no allegiance to any of you and will break our pact with one another at any time. I am sort of like Italy circa world war 2. One minute I am on your side, the next I am helping to invade your Fatherland.
Look — if you want to trade successfully you have to be consistent with your logic. If you were bearish yesterday due to high rates and oil and those things came down today — it would BEHOOVE you to not go long and give it the old college try on the upside.
Moreover, inside of my stock laboratory, Stocklabs, the percent of stocks rated “bullish” is near historical lows — almost always a signal that fantastical runs to the upside loom in the not too distant future.
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So the world isn’t ending tomorrow?
I’m so goddamn confused!