How was your weekend? Did you miss the stock market? Don’t worry, you’ll be enjoying yourselves soon amidst a sea of carcasses, as we pile drive into the blood. For those of you who are short: congrats. You’ve managed to hold your butter and withstand the temptation of profit. You’re probably a genius or a moron, which would eplain your recent success.
As for stocks, only the long bond appears to be working today. Commodities are off terribly, as the continent of Europe cascades away from the light, into the depths of an evil darkness not seen since the fun days of panic–circa 2011.
All eyes will be on biotech, to see if risk appetite continues to get devoured whole, or perhaps a miracle asserts itself in the form of a relief rally.
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GLENCORE NOW DOWN 30% in LONDON
Carl Icahn Warning Of Danger Ahead In Financial Markets – His video message comes out tomorrow. I’m sure CNBC will have a whole show special around it. That will be the signal to get long.
He always warns right before buying stock
Don’t forget – The Devil says we’re bottoming.