The major rally underway is now upside crash. It is glorious.
It is gathering steam, not slowing down.
There is insane fuel provided by global liquidity, a weak dollar, tired sellers and now buyers scared of missing out.
I have no idea when these events end, but based on the four trends above…never seems possible :) .
I am bearish on employment, but who isn’t. It’s quite possible that we are all wrong and jobs are right around the corner from an industry just beginning that few have heard of.
I wrote my first ‘Inconceivable Rally ‘ post in May. I thought the rally would continue. I wrote my second one in July and outlined where the leadership was and thought it would likely continue.
Tonight is my third and last thoughts about the inconceivable rally, because we are in completely uncharted prediction territory. Other than March 9th, I am longer than at any point this year, which is still very light in stocks. I have moved most of my investment dollars into the web. I will win big or go down in a blaze of www.com.org.net glory.
As the rally continues, the have’s will keep taking from the have not’s. That include’s Apple $aapl taking from RIMM, Nokia et all Google taking from Microsoft and Yahoo and China taking from most of the rest. Granted, in all three of these cases, the losers are also just giving…
The have’s are always taking from the have not’s. The best investors recognize it and position themselves accordingly.
There is now only one problem with the rally in stocks…CNBC and some real shitty money managers are getting off the hook. I hate that more than anything. Some time the guilty just get off. Let it go. Serenity now.
In the end, as I was chatting with The Fly tonight, America on the whole has become fat and lazy. Sure I am outraged about Bank Of America gauging me, but I have choices and I am marching with my wallet out the door. I would like to picket, but I need to work twice as hard as I did 3 years ago just to tread water.
Life is difficult.
America rocked and took names when it smoked and drank and ‘drilled’ the earth dry. WE robbed the freaking banks. Those glory days are long gone. Today we have corn, fructose, ‘green peace’, gun control, splenda and 20 minute ads for a drug that will cure our depression but slowly kill us with anal leakage and pee that smells like cucumber.
What should you do?
It’s simple…same as always…invest accordingly.
Today, we blog and tweet our outrage, mostly in the dark. It’s dumb to most, but it’s today’s freedom. I want to be eyeball high in freedom. Money flows to freedom.
As of tonight, the inconceivable rally is fun and extremely underowned.
Just trying to keep it simple for you.
Disclosure – Long $amzn, $aapl, $goog, $bidu Oil, Gold, other mobile and agriculture stocks.