Well, after 43 days of being shuttered, our inept clown government will be revving back up, ready to waste your dollars and plunge the nation deeper into debt. Hurrah! Wouldn’t you rather just have all that tax money for yourself?
Were YOU affected by those 43 days? I certainly wasn’t. Well, that’s not entirely true. We are in a bit of a data desert now:
I am feeling fairly buoyant now, because it’s my favorite kind of morning: (1) all the equity futures are red; (2) it’s raining like crazy outside. Perfect! I’m going to amp up the joy by walking my puppy in the rain. It doesn’t get much better.
The drooping equity futures are setting up a good start to the day.
Although I wish my friend palladium would act with a mind of its own. It was looking good last night, pushing up to about $1540, but it has stumbled since then. Grrrr.
My main focus, however, remains on over-valued individual stocks. I am already short nutty stuff like ASTS, CGNX, CVNA, RBLX, CRWV, OKLO, and, below, Rigetti, which is turning into spaghetti.
I intend to get into other nutty stuff today, whose price charts look like bottle rockets. I presently have 25 shorts, but I’ll probably bump that up to 30. The hope, of course, is that the /RTY trend break we’ve seen is going to soon turn into something a bit more exciting:
