Monthly Archives: April 2021
Welcome To Cryptomania
After almost a year of complete silence I guess I had to come out of the crypto closet at some point. Some of you may have been wondering why any self respecting market megalomaniac would continue to neglect the fastest growing financial sector bar none. Especially given that Bitcoin and Ethereum as well as the blockchain are starting to gain widespread acceptance. Even Paypal and Mastercard recently jumped on the bandwagon and whether you like it or not, at this point it's fair to say that crypto is becoming mainstream. Read More
Why I Learned To Stop Worrying And Love The Crypto
If you don't own any crypto you are probably sick of dickwads who don't know the first thing about trading constantly bragging about how easy this is. And let's face it, when you say it out loud paying $60,000 for a bitcoin sounds batshit insane. Almost as insane as making your first million dollars from "CUMROCKET COIN" Read More
Death And Taxes
So here I was mid session yesterday, getting all giddy watching the tape grind its way higher, with the prospect of cashing out my boatload of SPY butterflies at 423 for a princely premium in my immediate grasp. However that silly grin on my face quickly gave way to an Acme style jaw drop when the White House announced its plans to double the capital gains tax, as high as 43.4%, for wealthy individuals. Not sure if that includes the likes of you and me but it's becoming abundantly clear that heydays of low taxation are now officially over. Read More
Traveling Used To Be Awesome
I'm a pretty beat after an exhausting day navigating half the Spanish peninsula yesterday. Quite honestly I used to love to travel back in the days but over the course over the past twenty years the entire affair has turned into a complete train wreck (pun intended). If you've ever watched the movie The Orient Express (the 1974 version, not the new one) then you may get an idea of how people with means used to travel all across the world long before all of our glorious technological advances. Read More
Guess Who’s Running The Market Now?
A few weeks ago an email arrived that put a huge smile on my face. No, it wasn't a notification from the lottery association telling me that I had won a nice chunk of change. I'm pretty sure one actually has to buy a ticket to win something. And unfortunately no wealthy relative or close friend has died recently (what are you guys waiting for??), strike two on that one. Nope, instead it was an invite from Starlink announcing that my region had just qualified for pre-orders, and to be honest for me that's almost as good as a golden ticket. Read More
How To Be Short In An Angry Bull Market
There really isn't anything left to be said about this raging bull market that I haven't already covered in the past week or two. It wants to go up and will continue to go up until the last buyer has been found. Which may be tomorrow or it may be months from now. Who knows?!! But what we do know for sure is that being short in this market is going to be a very painful experience. Or is it? Read More
Never Let A Good Crisis Go To Waste
I'm a bit of a history buff and beside general curiosity it's for a very pragmatic reason. Looking back in time teaches you a lot more about human nature and the way the world works than the most erudite of academics or philosophers. The quote 'never let a good crisis go to waste' has recently been attributed to Rom Emmanuel but Winston Churchill is claimed of having used it and most likely he himself picked it up somewhere during his long and eventful life. Read More
Nothing Goes Up Forever
With equities not just reaching but far exceeding stratospheric levels the question of how much longer this can be sustained obviously comes to mind. In fact it's the prevailing sentiment in light of a face ripping rally that is unparalleled in financial history. I have repeatedly pointed out the obvious disconnect between the stock market and what has transpired across Main Street. Not just all over the United States but also in the rest of the Western hemisphere, which continues to be on the receiving end of various well intended policy decisions. Read More