I should’ve heeded the warning of the great polar bear who kept eating me in my nightmares. That feeling of “impending doom” has turned into a reality, as I stare, almost helplessly, at a screen that defies reasoning.
There aren’t any bids in the NASDAQ right now. None.
From AMZN on down, this is a rout and I have no idea when the selling will pause.
Over the past month, the “best stocks” of 2013 have been taken out to the woodshed and executed. There isn’t a better way to describe it. You are looking at how a bubble looks when it pops. The constant selling, the sheer spectacle of the unknown coupled with the unbelievable causes people to freeze up and just watch.
It’s bid less, no hope. Hedge funds, without a doubt, are being liquidated over this secret crash. Over the weekend I will do some digging into who is being hurt the most and try to deduce what stocks might come under further pressure due to forced liquidation.
I envy the day traders, the degenerates who get flat every day, only interested in making enough money to pay the rent. I am losing a fortune here and I truly do hate my job, more than anything else.If you enjoy the content at iBankCoin, please follow us on Twitter