This is not “the” bottom, but one that will be traded and sopped up by fucked up trading robots, as you delve into a great depression. I was very bearish over the weekend and still believe the S&P dips below 1,000. However, today’s breadth is screaming for an oversold bounce higher. We are talking about 5-8% to the upside in the gayest fashion ever.
I say this with 70% of my assets in cash and very little to gain from such an occurrence. However, let it be known, I will force myself to buy more equities tomorrow until it borders on the insane. I will run my screens inside The PPT this evening and establish a game plan to bath in great profits, at the explicit expense of THE CEMENT HEAD and others.
While this might seem like an astronaut plan to you, it is something that must be done, so sorry.
Men from honourable realms, like Roger Nightingale, believe we are heading into a fabulous depression, dressed with starved babies and houses made from mud and cow shit. I happen to agree with him. The coming depression will poleax most of you into a new stone age, where you will be forced to build wheels for food. But, before all of that happens, first, we must rally into the sun, with balmy breezes caressing our faces–as we shoot RPG’s aimed at outerspace.
I find pleasure in futility.
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