This is a tough one. Every inch of my cold soul wants to buy stock today. However, I’ve thought about it and will not buy anything until tomorrow or Friday. Today is the knee-jerk reaction day, the day when all of the plebs at all of the discount houses lever up their accounts to do business.
If I were to take my warnings that “this is 2000 all over again” seriously, I’d be using this bounce as an exit opportunity for some of my trading positions. But, truth be told, the conviction isn’t there for me yet. I’ve been programmed to believe there is a bid in this tape, no matter the circumstance. Deep down, under the cynicism, I am an optimist, just a guy trying to find his way in the wilderness of man.
I am walking away from the desk now, as it is the only way to prevent myself from buying something.
Talk to you gents in a few hours.
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Just fishin in the dark, son…
morning pop has been sold across the board.
Not GPRO. This thing is a beast.
Another “flip flop”. Nice. Your Armageddon call didn’t last long, did it? Welcome to your senses. The pullback was a normal correction, long overdue, Ina rip roaring bull. Next time you try and front run Armageddon, have a bit more conviction behind it. Lol
Doe
I am cashed up, utilities and treasuries. What the fuck are you talking about, son? Words are just words.
lol this turd again, THE typical BTFD perma bull fuck off with your simpleton logic already
Doe, that’s the nature of trading the market.
….so,……do we buy? Douche Face is speaking at UN now!
Why doesn’t that fuckin’ Obummer do something useful instead of starting wars?
Like pushing like crazy for a min wage hike to $15, a four-day work week, and a 110% tax on every penny of income above $300K per year?
This last item BY ITSELF wouold solve ALL the USA’s problems.
fool
Raising taxes would solve a lot of short term problems, but it is pointless if it doesn’t balance the budget and we can only go so high before millionaires start moving to Canada en masse.
Herr Fly, any opinion on GNW??
the only problem with this market is the free crazy money printing around the world.
buying two of my favs back on this dip.
Bomb, raise taxes on realized income. Then the market will never sell off! (Extra sarcasm)
That’s a good idea. As long as you put in a 50% estate tax on assets over $2 million, and get rid of the stepped-up cost basis rule.
buy nugt
Beautiful reversal candle right at support this morning on the SPY. To the penny almost. Armageddon will have to wait it seems…again 🙂
Not so fast mother fucker.