Stocks are getting smoked this morning–due to more sellers than buyers. I could offer you a thousand reasons as to why stocks are lower; but the biggest asshole response would be ‘more sellers than buyers’–so that’s what I’m going with.
Brent is off 5% and natty is down 7%. This is what the beginning of the end of the world looks like.
I sold out of my final tranche of SPY this morning, leaving me with zero equity exposure, 75% cash and 25% invested in the building of an Ark, aka TLT. Money is running into government bonds now. My basis for TLT is under $120.50.
I’d like to tell you all will be well and that stocks are gonna come back; but they’re not. We’re in a debilitating bear market, one that is going to make you wish you resided in the half world chasing centaurs with your bow made from unicorn.
The parasitic fribble are being washed away from the field of play. Only the strong will remain, after it’s all said and done. Le Fly is the strongest of them all, a river to his people, a great puncher of frog faces–an ineradicable force of energy that leaves enemies in his wake– crest fallen from irreversible failure.
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“Great puncher of frog faces” – gold that one….
$VRX starting to look awfully good.
Frogged faces?
A bigger asshole response would be pointing out it’s an issue of quantity supplied and quantity demanded, not a count of the number of sellers and buyers…
Need bad times for good times. As the world ends, we can wait and pick up the pieces before it actually does.