Yep, It’s that time of year again. I taste the 10x in my Starbucks. If you don’t know about Pumptober let me fill you in. It’s the time of year when Satoshi Nakamoto climbs down your chimney and puts huge crypto gains inside your jack-o-lantern. If you don’t believe it check out Coinglass’s spreadsheet. It’s so easy, a kid in a Spiderman costume could understand it. Green good. Red bad. Wen Lambo? OCTOBER!!!
I wanted to talk about potential issues with sample size and how we only have two relevant examples of October in an election year. But, to quote one of Chivey Social’s founders, “We pay you for the jokes. If you want to be Barbra Walters go be her somewhere else.” Message received, sir!
The simplest strategies are best. What is simpler than “buy the dip,” “Sell in May and go away,” and “Do the exact opposite of whatever Jim Cramer says.” I want to believe in these folksy methods of getting a leg up on the market. I mean, an apple a day keeps the doctor away. Everyone knows if first you don’t succeed try, try again. The definition of insanity is doing the same thing over and over and expecting a different result.
Look, if you invested in the stock market at any time in the last century you were always at a profit within a decade. Everyone knows that! Just don’t check the inflation-adjusted returns…
So the question we’re faced with is do we max out the credit cards and load up on $SHIB or $BRETT? [Chivey Social does not endorse the idea of maxing out credit cards to invest in meme coins]. Still, if you have cash to burn is this not the best time to throw your United States Backed Meme Coin (USBMC™) into the fray for potentially huge gains? My nephew who goes as Spiderman every year for Halloween thinks so.
