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My weeding, as it were, has been going along smoothly, as almost all my thirty shorts are down today. At this point I think I’ll just beef up positions which look particularly promising. My one long, silver (SLV) is doing nicely as well.
All right, fellas (and Violet), I can see the spirit is willing, but the flesh is weak. I’m having a grand old time this morning (having woken up at 3:30 a.m., which is when the markets open in Tahiti), yet I’m seeing a lot of chatter about the market closing green and bears getting wrecked and so forth. Take a big step back and look at the /RTY (which, incidentally, has completely bashed in Scott Bessent’s pretty hairdo).
When I was a boy, there was a little poster in my bedroom which said, “Faith can break the sky in two, and let the face of God shine through.” Try that some, except with charts. Tend the garden. Let reason conquer impulse.
One BBB has replaced another. The Big Beautiful Bill has curb-stomped Build Back Better, and in doing so, solar credits have been laid waste. Here’s a look at the carnage.
My internal alarm clock got me up at precisely the opening bell, in spite of getting two hours of sleep. I haven’t closed a thing, although I see the market is in “awww, it’s just Trump being moody, this will all pass” mode. In any case, the cycle rules the roost. We’re in the lower-right, folks. What a contrast with last Monday, eh?
I’m not sure how I could have been clearer. I mentioned it again and again. Some people rolled their eyes. Some wiser souls put their life savings into index puts. If I had any sense, I’d make it a PLATINUM ONLY service. Anyway.
Bear Force One.
Learn it. Know it. Live it.
