The US 10yr is down another 9bps. Natty and oil are crushing lower. The markets are not crashing. And, the dollar is down nearly 3% in the past month. All of this suggests a somewhat calm atmosphere for equity holders. I am sure there are many shoes to drop and are looming heavily in the balance. But we must admit when things looks good — otherwise our words lose meaning when things are truly bad.
I am 80% long into the close and optimistic for stocks to severe the heads of many bears. I have shifted my allegiance according to an evolutionary desire to survive. For those still mangled in their short positions waiting for resolution, just know that your sacrifice is appreciated and your cause was just. You’re just too stupid to figure out how to pivot; ergo, natural selection tossed you broadside.If you enjoy the content at iBankCoin, please follow us on Twitter