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One day I’ll emerge from total tard-land and actually charge for amazing ideas. But anyway, two weeks ago, literally at the MINUTE that was precisely the right time to short the hell out of retail, I wrote a post with an incredibly cryptic and hard-to-understand title AGAIN, SHORT RETAIL. At the time I shared the chart of this drop-dead gorgeous channel.
Huh. It seems that the insatiable and desperate desire for Americans to ceaselessly purchase crap they don’t really need in order to fill the bottomless pit of emptiness in their souls has its limits after all.
Don’t let me trick you. Don’t believe me. Just don’t.
Because last night, and this morning, the market was absolutely raging higher, punishing anyone stupid enough to have held on to their bearish positions like myself.
I have a ridiculous and preposterous meeting in San Francisco, so I’m going to be AWOL for a couple of hours. Believe me, I’m going to get a post out of this. You’ll read all about it in a day or two. I’m back from SF (read the strike-thru text) but things are still bananas. What an INSANE day in the market. I obviously will have plenty to say about it. Later. When I have time.
