Thursday, January 22, 2015
Well, whatever the hell happened today, the market has suddenly decided that it's cool again to buy regional banks, small-caps, and railways. It's as if suddenly the apocalypse got rescheduled.
$VIX is dropping hard, almost as if someone's decided that they don't need to own a shit-ton of downside puts anymore.
And nobody seems to care about oil still going down.
Funny nuff, gold and silver are still up, but I think the market got the memo about what a bad idea it is to own self-diluting miners because GDX is going nowhere. Even B2Clive is collapsing - they must be talking about buying out another company with paper again.
Anyway, tonight's fried chicken night!