My day cannot get worse. I have a large position getting mangled, and oh by the way all of my other positions are getting mangled too. One investor emailed me “DECK, WTF?”
Yes, DECK WTF, indeud.
It joyous to wake up to down 17% off abysmal earnings per share guidance.
The market is following suit, with everything getting taxed. The lack of momentum, I’m afraid, is leading up to a major move to the downside. Of course I am biased today, as I am consumed with The Black Death. I keep reminding myself, in a rain man sort of way, that “the manipulators don’t like to be made fun of,” over and over again–as if my vocabulary was restricted to just 9 words.
Let’s be clear: there is no tomorrow, only today. There will be time to make all of the money back, AND MORE. But right now is a very different matter.
I am talking about capitulation, gentlemen.
Prepare for it.