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Not sure if this is worthy of a full post, but since I rarely seem to have many long ideas AND since I have been banging the table on how well my IBM short idea had been working out so far, I thought it appropriate to announce my assessment that the short trade is done on this. It looks like it is worth getting long (in the short-term at least).
I wanted to do a quick post to say a few words about the continued importance of avoiding political discord here on Slope. Right at the outset, I want to say there is no problem I am addressing. The atmosphere, decorum, and zeitgeist of the Slope community has never been better, and I sense a true esprit de corps here, which delights me.
However, for reasons perhaps you have read, there is bound to be an increase in political tension in the coming days in the U.S., and I would like to remind everyone (and myself) to focus on charts and finance as opposed to political difference.
Since I’m in the business of predicting the future, I will at least go on record with this absolutely apolitical prediction: the entire thing is going to be a total nothing-burger. And I believe the political machinery will draw their own conclusions about what the fact it was a non-event truly means.
Thank you, everyone, and I look forward to a very exciting trading week!
I’ve got to say, I was wrong about crypto – – or, more specifically, wrong about Bitcoin and Ethereum. To be clear, I still think crypto is useless, but maybe we’ve found a very specific niche case where it excels: that is to say, a reliable safe haven for fixed assets (a digital gold, some have called it). There’s no arguing with the stellar performance of Bitcoin this year………..