The Arrogance of Youth

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Over the G20 weekend, I stumbled upon a young fellow – – he fancies himself a trader, I suppose – – whose tweet caught my eye:

deserve

When a trader calls something easy, it gets my attention. When he denigrates “shorts”, it gets my attention even more.

permabears

Sounds like a genius, huh? Anyway, Monday exploded higher, and he did as promised.

easiest

And he shares the wisdom of his rationale with the world.

foolish

I suspect this chap hasn’t been within 500 yards of a bear market in his life. He speaks of his “yacht buy button” because of his SPY calls…………….baby.

spycalls

Let’s check in with the easiest trade ever, shall we?

NQKILLED

I suspect the permabulls that have been trained over the past nine years will all share a similar fate in the end.

rope