Stocks are heading into a meat grinder, at least in the early going. I’m sure we can concoct some sort of narrative for you to blame it on — but is it necessary? For the love of god, the VIX hit single digits. We are long overdue an absolute catastrophe; I’m talking about a six-sigma event — fire, brimstone. Mr. Devil Dog at your service.
Frankly, it couldn’t happen at a better time, as I am 100% cash — waiting to reallocate funds this Friday.
On the other hand, commodities are super-strong — with oil, copper and silver all higher by 1%.
But the degeneracy is all in the bitcoins this morning, once again. All of the venture capital shills are heavily long and will force this fucking thing down your scrawny throats, if it’s the last thing they do.
It is higher by 4.6% to $1,866.
Conversely, the pound is lower by 0.66%. I suppose fuckers just learned of BREXIT.
Nasdaq futs are down 23.
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No cookie for recent dip buyers today
Bitcoin booyah! 4x return and counting.
Wait, I though Brexit was going to be great.
Bitcoin in chop zone right now. I think we’ll touch 1666 as part of this accumulation zone before starting new markup.