If you’ve tuned into Fox Business today, you were told today’s market rout was a mere pitstop en route to grandiose riches. You were told to buy the dips — but I told you, I TOLD YOU — not to get HOOKED. Now with the market down over 600, you may be HOOKED.
Cue talking cigarette.
But here’s why you shouldn’t be panicking.
The dollar isn’t running vs the euro.
WTI is only down 1.5% and copper is flat.
Volatility is above $30, a level that has been unsustainable in recent years.
While I’d love nothing more than to ride this pig down the drain, AND MORE, it pains me to tell you this might be a buying opportunity. Don’t get me wrong. Exodus hasn’t issued an systemwide oversold yet and I am still 20% cash, waiting for a chance to buy — but we’re close.
That being said, I’m still long SOXS and may be looking to short some banks here, betting for a black swan contagion event.
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PPT to the rescue. Final ramp up 1min before close to show green; or close enough. Let’s watch.
TLT trying to go green. Flight to safety?
BTW, wouldn’t short banks imply lower rates? Kind of what I’m thinking, if the tards at the Fed do their jobs right. Rate hikes don’t make sense to me.
No.
Dollar down, spending and printing up. Inflation will determine what the Fed does.
Watched that Maher/Mooch, Haass,.. the other day. Very clever opening and closing jokes until one realizes what that’s about. Mooch was great. He can throw punches. Too bad he had to go. Brazile is a stupid cunt. The comment section is full of retarded clueless bolsheviks. disgusting. Here’s the best clip if you did not watch it.
https://youtu.be/YuhRTuK7ydw
“Brazile is a stupid cunt”
Shocking that you think that. Maybe instead of politicing, she should go pick cotton, right?
she’s so useless she couldnt even pick cotton. she’s good for nothing. let alone private dancing.
but admit it, Mooch kicks ass big time. He put everybody in their place.
Good for nothing? She was a Bernie supporter and dropped the hammer on Hillary last November. That’s good for something in my book.
Brazile kicked Klinton under the bus to save her own skin. That’s even worse. Rat and backstabber. Typical bolshevik.
Dow support lies around 22500. If we sustain a break of that then yes, it’s on like Donkey Kong.
wtf are u talking about?! your dick support is 0.22500
It’s amazing that with the DOW, Qs, and S&P all down 1.2-1.5% (not huge), heavyweight AAPL is green.
That’s a huge sign of support considering how many ETFs have a signifcant Apple weighting to match the indices.
Here was the last budget passed:
https://en.wikipedia.org/wiki/2015_United_States_federal_budget
On the Senate deal, guess which Function (department) got the biggest increase?
That is the greatest video of all time.
You must never have seen Debbie Does Dallas.
It is the fcuking bomb. in tears… HOOKED! CANCEL ALL ORDERS.
That’s not even the whole video. Search YouTube for the longer version.