No matter what Jeff Macke says, you should know and understand the shopping mall is, inexorably, dead. The inescapable dread of a market that’s way ahead of itself commingled with fundamentals that aren’t worth a premium multiple stands before you like a fire breathing dragon, fixing to roast your balls into hell.
Last year today, this was the exact time to go long and be joyful, yet many people missed the initial move, myself included. This year, mostly everyone I know is levered up and bullish as fuck, which means a great fade is just beyond the horizon.
Now if a garden variety sell off was in order, I wouldn’t bother with the warning. As a matter of fact, I’d sit back and just watch you twist in the wind, enjoying the specter of it all. But the potential for a massive repudiation of this market is more than possible, but increasingly likely. We are talking scorched earth, motherfucker — the type of pullback that makes you seek God and maybe a sex change.
It’s also entirely possible that none of that shit happens and we gently drift into the New Year’s, like so many year’s before, and then collapse in early 2018. All I am saying is, there is a small window for the apocalypse to both form and strike deadly daggers at you, and all of your stupid fucking friends.
I’ve been doing this shit for nearly 30 years, since I was 10. You might think you know something — but the truth is, you’re dumb money with dumb luck and I will prove it out over the course of time — you dumb little fuckers.
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