If you came into today thinking the market would go up another 600 today, you should literally kill yourself. After gapping higher by 350 this morning, stocks did nothing but donkey punch lower — reducing SPY bulls into dust.
I’m expecting more shoes to drop in this volatility scandal, as I am certain there are dead bodies to be uncovered. I cannot tell you how many people I know were selling premium or long XIV — thinking it was free money. It was the very best investment vehicle of all time — until it traded down from $100 to zero in an after-hours termination event.
I realize it was written in the MUH prospectus, but everyone who works at Credit Suisse should be imprisoned, nonetheless. Even the janitors should go to jail for this shit. It’s unconscionable to believe they can get away with this shit — and I’ll be praying for them on a nightly basis for God to smite them and kill off their family name.
I truly want the markets to crash by thousands of points tomorrow. Hopefully it will happen. If it doesn’t, that’s fine too.
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