YOU COULDN’T HOLD YOUR BUTTER, COULDN’T YOU?

Classic heart attack close, the sordid ordeal that makes you cry in the shower–curled up like a fetus. I guess this is how I am to be destroyed, by a giant tax cut on the consumer, heavily long consumer oriented stocks. One might deduce that destruction is inevitable, with large margin balances and depreciating intelligence quotients. Nothing you see here today is based upon logic, which doesn’t make it feel better.

A loss is a loss, of course of course.

Early in the morning the tech sector was bucking the trend, even some oil stocks. After 3:00, the margin clerks walked into offices of brokers around the country, punched them in the fucking face, and then liquidated their accounts to zero.

The contagion is real. The devastation of this move, specific to energy, is equal to that of the banks in 2008-2009. OPEC doesn’t seem to care about the decline. I am sure they’re sipping on some tea, whilst the Bakken shale workers receive pink slips.

This close you see today, closing out a week of pure debauchery, is the reason why retail will never come back to the markets. The correlations and the violence of the moves are too much for most to bear, even professionals.

I will hold firm, because “The Fly” doesn’t capitulate into the hole. Feel free to save yourselves and live out the rest of your lives from the middle of a garbage can. I’d rather dive head first into a cinderblock, than sell to these motherfuckers who are covering their shorts.