You are not permitted to discuss politics anymore. Instead, we all get to “enjoy” the carnage of a classical ‘October Surprise’, whereby stocks get destroyed because they can. We’re set to drop by 150 this morning, following the fucked up pinless hand grenade action in Europe. Without a doubt, I stand to lose a spectacular amount of money this morning.
Also without doubt, this is a buyable dip. The market is simply following seasonal patterns. This market drought ends with the Turkey Gods splashing apple cider in the faces of the bears. If you have to stem the tide by selling, so be it. But have faith in knowing “The Turkey Gods” are coming and their powers are very real.
No one bets against stocks going into Turkey day. That’s madness.
Dips can be bought in basic resources. However, I am very worried about riding tech/retail into earnings season. As a matter of fact, just avoid earnings all together. It’s OTB guy gambling. Fuck that.