This is starting to feel tremendously fun, and that should probably scare the hell out of me. If you’re ever curious what kind of market I enjoy, it looks an awful lot like this:

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This is starting to feel tremendously fun, and that should probably scare the hell out of me. If you’re ever curious what kind of market I enjoy, it looks an awful lot like this:
OK, I didn’t get the exact top, but I was only two days off. My error as a chartist was not respecting the price gap. All the same, here was the idea from September 8th……….
From the very first time I saw a Polestar, I told you people on Slope about it. I tend to write very subtly and obliquely, so you really had to read between the lines to divine my opinion at the time:
I am an excellent judge of auto aesthetics. It was as ugly as dog shit. This photo doesn’t do it justice. I’ve had a close look at it. The car looks cheaply-made and badly-designed. It’s Chinese, so go figure.
Ugly Is As Ugly Does
Here’s an updated chart, as the stock does PRECISELY what I predicted it would, which is fall like mad toward $0.
Considering how important tomorrow morning’s CPI report will probably be, there’s not too much purpose in speculating what would happen if such-and-such happens. Every CPI, ZH does a long (usually premium) post about the different CPI results and what they would mean for the market. I have no idea how anyone would find that at all useful, not only because there are no assurances that any of the results will align with the (fake) CPI numbers, but mainly because………..no one knows what the CPI will be!
So, to wrap this day up, I went through my 17 short positions and chose my 7 favorites right now. As always, click on any of these for a bigger view (depending on your screen size). Hopefully Wednesday will be good for the bears, assuming the government dares to let it be known that inflation is, in fact, raging like a wildfire. See you on the other side of it!