The market was supposed to go up today. You saw what it did at 9:30, all of the bulls walking through the front door with purpose, even swagger. My stocks were higher and I felt like lighting a cigar. Then the bastard precious metal nerds came along and everyone left the party, leaving me here crying, frantically, because they’re all laughing at me.
On top of that, add OWW to the growing list of stocks that catapult higher after I sell. IMMR seems to trade lower on a daily basis. And, moreover and most importantly, I find myself in a state of stock market malaise, a Jimmy Carter phase of mediocrity–stunned by it, after doing so well for so long.
Consider the fact that CXO is my 2nd largest holding. Go look at the daily chart. There was much splendour and grandeur to be celebrated from 9:30-10 o’clock. Then everything changed. Also, consider the fact that IMMR is my largest position and it has just walked down 3 points, without interruption.
I feel a sudden curse pressed deeply onto my chest, like a bench press gone awry and there isn’t a spotter in sight.
The losses are piling up and the incense that has shrouded my presence for so long has been extinguished.