TRADE TO CLOSE

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Stop Buying Stocks Because They’re Cheap

Takeoff is the part that gets me. Not turbulence. I have serious flight anxiety, but not the part you'd think. I'm fine once we're in the air. I love landing. It's takeoff — the moment we commit and leave the ground — that's what I white-knuckle through. I flew overnight to France last week, and yesterday I was trackside at the Monaco Grand Prix with a glass of champagne at rooftop party, watching cars commit to corners most people would brake into. Somewhere between the flight over and that race, it hit me that this is exactly how most people trade. They're not afraid of being in the trade. They're afraid of getting in. So they wait for a stock to feel safe, and "safe" usually means they wait for it to fall. Here's what I see constantly, and I want to talk you out of it. We're in bullish

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While most traders were looking at this today…

While most traders were looking at this today… Here was my view… I’m in Beaulieu-sur-Mer. This little stretch between Nice and Monaco, Beaulieu and Cap Ferrat, is what they call the Golden Triangle, the priciest real estate in France outside of Paris. Napoleon supposedly took one look at it and said "what a beautiful place." Belle Époque villas, centuries-old palms, a helicopter every few minutes carrying someone I will never meet. I felt right at home. It reminds me of Palm Beach, but with French accents. And oh yeah, not as many crypto bros here. Bitcoin what happened to you today? It’s going to be a long weekend for the crypto peeps. If you know any of them, please do a wellness check on them. But what about the market? You trade this channel until it stops. Right now we have our first time we will close out of it.

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It’s Hard to Be a Rich Permabear

It's hard to be a rich permabear. Trading from Villefranche. Tough office, I know. I say that with love, because I know some of you are sitting there in this raging bull market, staring at all-time highs, absolutely itching to short something. And look, I get it. There are cracks out there. There are always cracks if you go looking. Funny thing about where I'm sitting right now. Villefranche has one of the deepest natural harbors in the whole Mediterranean. The water looks calm and gorgeous on top, and then about a mile out it drops straight into a 1,700-foot underwater canyon. Beautiful surface, huge drop underneath. That's this market, if I'm being honest. But here's the thing about that drop: it's been sitting there the whole time, and the water's still flat. Bitcoin rolled over first. It broke symmetry back in late May and started following through to the

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