Well, Q4 has begun, and 15 minutes into it, I like what I see. Every single one of my 14 bearish positions is in the green, and the idiotic “Buy Everything Since It’s the Last Day of the Quarter” rally has already been laid waste. The chart below is really ugly. In addition, prices are falling hard.
It’s no different in AI-fraud land. The /NQ is getting zapped in the jewels.
The only market whose ascent I cheer is, once again, soaring. I bought puts on GLD Friday, sold ’em at a nice profit yesterday, and am glad to be pure bull on gold once more.
Let’s keep the selling going, folks. Only 25,000 points to go on the Dow until it’s properly priced.
