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Welp, time to exercise my cherished First Amendment right again……..
Every morning, part of my dog walk ritual involves picking up the charmingly-named Daily Post, which is Palo Alto’s local paper. Besides the front page articles, one of my favorite tidbits is the Celebrity File, which typically covers a variety of interesting famous-person shenanigans or news. So today I was greeted with this headline and these stories…….
One by one they fall……..
I’m going to stare at charts for a while; I’ll write another post later tonight.
SPX filled gap below yesterday and that has opened the path to the next trendline target, which is rising wedge support from the early November low. That’s currently in the 2348 area. On the way is some support at an open gap into 2351.16. SPX 60min chart:
Since the god-damned bulls got eight years to suck off the government teat, how about we bears we an eight years of destruction and mayhem, just to even the score? I could really get used to a market like this, where my short positions fall every single day.
One other success is a long position, but don’t get fooled into thinking I’m bullish on anything except the complete failure of this administration. My triple-bearish-on-energy fund, which I’ve been screeching about endlessly, has really taken off nicely. Sure, there could be some backing and filling, but I think we’re into a whole new era for the energy sector. Yer welcome.
