STOCKS KICK DOWN THE GATES OF HELL AND MAKE THEMSELVES AT HOME

Eighty percent of stocks are lower today. What else more is there to say? I knew when I saw SHAK reverse Friday’s gains that all would be lost. It’s not so much that SHAK controls the world, in that, SHAK is a litmus test for risk. Despite a multitude of reasons to buy stocks, people are still panicked out over the specter of higher interest rates.

We can go through the motions and discuss how fucking idiotic the Fed is for wanting to raise rates, just so they could lower them later–“when they really need to.” But this whole cat and mouse game with the shorts is quixotic. There isn’t a debate here, or a back and forth about who’s winning.

Look, if you haven’t been long FANG (Facebook, Amazon, Netflix, Google), or something similar to them, you’ve been shining shoes for the past year, a giant sucker in a sea of suckers.

That’s the bad news.

The good news is Option Addict has caved into popular demand and will be doing a clinic for those who missed the iBC Conference. It will last for several days, one hour per day, touching on all of the salient points that he made then with some updates to reflect what the market has done since then. This is a great opportunity for those who couldn’t come to the event. Don’t miss it.