Permanent bears are crying into their dresses this morning, as stocks extricate themselves from the confines of reason. We’re shooting higher in spite of looming world war —- and in spite of America being run by a dementia riddles cartoon character.
We have oil down and yields sharply higher. Bitcoin soaring and volatility collapsing. It is for all intents and purposes a risk on session.
How to play it if you’re a permanent bear.
Don’t be stupid and blend in. Parade alongside the bulls and waive their rainbow colored flags and when they least expect it — BAM — create a noose with it and hang them where they stand.
I closed out my hedge at the open, now only long with 44% cash — pretending to parade and be happy about all of the splendor and celebrations, easily smiling at my fellow bulls on the outside but with murderous schemes on the inside.
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