As a gambling man, it's clear it's time to take profits
As a trader, it drives me nuts when it's painfully clear that some people get the "memo" about what's moving, and when, and the vast majority of us are left holding the bag. This 100 point SPY climb in 6 weeks and words like "unprecedented" and "historic" in the news -- well, maybe it's earnings and AI boom and inflation and yadda yadda, and maybe it's some shenanigans, too. And when the upper leg of the K-shaped economy decides to pull the rug out, and they will, it's always--ALWAYS--the little guy who not only takes the hit in their portfolio and 401k, but foots the bill for the bail outs. So, recognizing I'm gonna need that money to pay for the bail outs, I'm taking profit and leaving the casino until this party looks fun again. I'll probably miss another 100 point move, but this just no longer makes sense to me. Now, cue the supportive, compassionate thoughts y'all regards are known for... xoxo