We’re down 6% since October. I would not be surprised to see the market fall some more, before November is done. But even during the very worst markets, December has served as a respite, an elixir for the malnourished, through outsized gains and superficial, careless risk assessment. No one gives a shit in December because Santa Claus packs a street cannon and everyone is drunk as shit.
Trading desks are manned by small boys, amateurs who are afraid to do anything that might upset older, stronger, men.
Here are the returns for the month of December, since 1993.
74% of the time, we trade higher. I see no reason why this trend can’t continue. Granted, the fiscal cliff offers absurd uncertainty, a truly homemade crisis being thrusted upon us by drug addled, sex crazed, perverts. The pain is halfway done, members from the internet. Close your eyes and WAKE UP in December, for joy and splendour awaits you.
The post Don’t Worry, Santa Claus Has Guns appeared first on Stock Picks and Discussion at iBankCoin | The Fly.