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Until recently, I mentioned that my two “anchor” positions were Bitcoin and Bonds. Well, Bitcoin is done for now (I specifically said this weekend a $10,000 rally was at hand, and we’re already up almost half that), but bonds are very much intact. Indeed, I’ve expanded the position (November 20 $86 puts).
I realize what a High School Yearbook move it is to use music lyrics to express one’s feelings, but I’m going to do it anyway. This song from one of my favorite groups perfectly captures the insanity going on today. I’ve boldfaced some particularly germane passages. Just read all the lyrics.
I feel a twinge of familial or at least fraternal disloyalty, since my older brother was the President of the place, but I’ve shorted H&R Block (HRB) based on these charts. I’ve put in a stop loss at $40.
It’s SpaceX Week, everybody! I wrote our Gold and Platinum members on Saturday about my Focus on SMH, and my cunning plan is working out great so far. I bought a very, very large block of SMH late on Friday (see arrow) as a counterbalance to all my shorts, and this is going great thus far.
