Now that I am taking calls from some of you, due to getting back in the business, I am starting to see why there is so much cash ‘on the sidelines.’ You’re all bearish. Nearly every single one of you have been scarred and tattered by the market fires over the years, disgusted by the political environ, which has poisoned your minds against wealth creation.
I know we all want to feeeeeel special and have our lives be fruitful and purposeful; but maybe the collapse to come will not happen in our lifetimes. OR, maybe it will. My point is, nothing is a certainty and if you’re operating under the assumption that it is, you have deluded yourselves into folly.
Look, the market is a game, nothing more or less. Some of us are really good at it and others aren’t. Some of us are smart enough to outsource it to people like me and some of you aren’t and end up blowing yourselves up for sport. I find that it is important to separate our emotional biases when approaching the market. Our sole job is to increase the value of our accounts in the most efficient manner possible. End of note.
Regarding the market: the $NVDA call was bullish. $BBY smashed. $AFRM is soaring on blockbuster numbers. What is not to like? My only regret was not selling the $SQQQ I had hedged with in the after hours last night. Alas, I have no hedges now and attempting to ride this wave, +60bps early going.
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