The Bull Has Never Been More Back

Good numbers out of $WMT, strong consumer data, solid $DE numbers and a confluence of events in recent days leads me to believe the bull, inexorably, is back. Now many of you knuckle dragging apes will take exception to my pristine line of thinking, mostly because you’re all bedraggled pavement dwellers and boozehounds. My mind is like a fine tuned Rolls Royce and you’re a Kia.

At any rate, the yen carry fiasco is fin and interest rates are coming in and we’re in an election year, so don’t expect a blow up. That comes later.

For the session, I am +215bps, fully long after doing some tax loss harvesting. Now that I’m getting back into money management I have to do these sort of things and behave less of a cowboy and more of a professional. The astute thing to do when sitting with a 7% loss in $MS is to sell it and buy $GS, if you know what I mean. If you don’t, well then, fuck off.