Saturday, April 4, 2026

March 23, 2009

Top Threee

1) US stocks ripped higher today. I can already hear televisions across the nation talking about how great this all is. They are probably saying things like “WOW, look at GE, it went up!….That must mean the economy is strong.”

Tune them out. Tune me in. Allow me to explain, the cycle and the spin.

First, allow me to define, what is known as “The Oldest Trick in the Book“.

The Oldest Trick in the Book is the infamous “Tapping on a person’s left shoulder when you’re standing on their right.” This trick was first chronicled in cuneiform by the Ancient Sumerians, who lived on the windswept steppes of Mesopotamia.

And today in the market, The oldest Trick continues as US stocks rallied immensely (that’s the tap on the left shoulder), while the dollar fell (that’s whats standing to your right). As stated back here in December, it is gold that will ultimately benefit from all this.

2) My collaborators at The Tinker Factory and I were cruising back from Geneva earlier today. While homeward bound on The Errol Flynn, we discussed how to position for the next move lower in the REITs. I am well positioned for now, though I am itching to add a few more puts. I’ll check in with the prices of various strikes tomorrow to see if I should add more.

3) I mentioned my jet, the Errol Flynn. You can spot Errol by looking at the tail. One of my images is usually on the tail. Sometimes, there is no image anywhere. In those instances, I may or may not be trying to pull off a covert mission.

Peace


Categories: Top Threee, equities, gold, reits, trading

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