You pussies had it good in 2023, coming to work and effortlessly making coin off the backs of the stocked market — always rigged higher. Well it’s 2024 and all of that shit it out of the door, as your benefactors at the FOMC find themselves in an intricate pickle of higher rates in the face of zero inflation.
What gives?
WHO THE FUCK KNOWS?
All I can tell you is, in all of my years doing this shit — it’s never obvious and my assumptions in the beginning of the year are rarely, if ever, prevalent at the end of the year. If you took my predictions at the beginning of every year since I started blogging at iBankcoin circa 2007, you’d lose all of your money and be sent directly into the poorhouse. I work best as a reactionary, no different from the time I played baseball and could hit your hanging changeup over the wall and beyond into the fucking bay.
As the afternoon wanes on, you see the market is now shooting straight the fuck higher, perhaps 13 green candles in a row. We will soon be entreated to a FUCK YOU red candle and the entire good feelings will be ruined. Into tomorrow, I am cautious but bullish on select stocks. The type of stocks I am buying are institutional favorites, aka smart money. I’ve always been smart money, even when relegated to retail. I will of course contemplate a hedge into tomorrow — but the risk I apply is best mitigated through the duration of time I intend to hold — not the components itself.
+98bps with 1hr and change to go.
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