Has there ever been a wall of worry this high, morbidly built upon the skulls of the ebola-stricken deceased? It has washed onto our shores, courtesy of some do-gooder who was likely trying to feed rice to small children in Liberia. The end result was he caught a deadly virus, and potentially killed numerous americans on the airplane he was traveling on– and in his small, stupid, town of Dallas.
Why isn’t there a fucking travel ban to west africa?
Now we have a reason to panic. We’ve all seen the zombie movies, apocalyptic endings that could only mean the complete destruction of the stock market. Aside from all of that, the dollar is strong, sending wheat and oil lower. Oh, how I pine for $4.50 gasoline and out of control corn prices.
This market will be served by obsequious traders, men prepared to buy dips and climb that skeleton’d wall of worry.
When was the last time buying oil above $100 worked? People always get the trade wrong, avoiding it at the lows and buying the highs.
These are the times of your lives, people. Embrace the never-ending story of extreme gluttony and unchecked hedonism. The occasional magnum of champagne and endless sea of shrimp cocktails will be funded by this market.
Be predatory and embrace the fear as cause to kill thy neighbors, weaponize your portfolios into blood seeking hounds, clamoring for bargains, opportunistic to the point of savagery.
My top picks are my top holdings. I reiterate EMES, BITA and PANW, with CLR a close fourth.