This has officially become comical, like an old Benny Hill episode funny. You little tomato throwers actually believed this was it, this was “the big one” that would finally sit us down? Not quite yet, there.
In the real world, Dr. Benjamin Bernanke, posted up in his luxurious new office at Citadel, is almost choking on his blunts, laughing at how stupid all of you are. You’re like gorillas in the midst, cavernous base sub-humans, lost in the jungles of your own stupidity.
While it’s true, some biotechs are underperforming. It’s also true that none of it matters in the big scheme of things. The train moves on, with or without you. Hell, with or without me too. Adjust or get eliminated.
Now I told you what was going to happen. However, I was not as aggressive as I should’ve been. I gave room for another day of weakness, which isn’t entirely untrue looking at some stocks on my screen.
Here is the oversold data for QLD (levered Nasdaqs), courtesy of Exodus. What does this mean?
It means that if you bought QLD on The PPT‘s oversold signal over the past 12 months, you enjoyed “flawless victory” and were able to punch a hole through your enemies chest and rip out his beating heart. Whether or not you chose to eat his/her heart after “surgically removing it” is entirely up to you. I leave you to your own caprices. I think you know where I stand.
One can make a strong argument that my algorithms do not belong in the hands of the layman, the Third Estate fribbled canaille. Friends of mine at wirehouses beg me to pitch their strongmen. I have zero interest in helping them ingratiate themselves any further. This is for the people.
