Two thousand and nine the end of the fucking world was literally happening. Western finance was on tilt and people were jumping into alligator pits. We’re off by 8% on the $SPY for the month of January. As indicated by the title of this post, the last time we bombed out like this was in 2009.
Before you get your hopes up for February, listening to talking cigarettes on CNBC who are telling you to buy oil stocks, have a look at what the SPY did in February of 2009.
The Fed isn’t coming to our rescue this time. Look for the Chinese market to completely annihilate itself– and close for good–this sunday evening.
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It’s bad BUT that bad?
Seliousri, my home town, Beijing, isn’t the epicentre of the clisis… It’s Moscow! And Vlad the Madman is spoiring for a bare knuckle blawl a la Kimbo Srice
I shorted $EWW into the hole today. It’s nothing but air down to like $21. It will make it there sometime this year.
At least if it’s 2009 we’re only screwed until March. If it’s 2008, we still have another year of pain.
2009 was berry berry good to me. Bring it on.