Straight Fucking Down — Markets Give It All Up

A 400 point open ruined. All of your hopes and dreams dashed in yet another market crash — calamity strikes and it’s coupled with cataclysm. What to do? Should you simply sit there like a boxFAG and preside over your net worth sinking? Is it un-gentlemanly to interfere with your investment during the day? As you well know, the most indecorous human beings alive are day traders, people swinging to and fro in futures contracts — zeroing out their accounts every other year as a matter of tradition.

My Bubble Basket is still higher by 3.2%, in spite of the Russell 2000 being down 0.6%

Gains are being evaporated and major psychological damage is being done now. This isn’t margin call selling — but program selling hitting triggers and moving out of the way. The way I see it, nothing should hold this market together into the late hours. People are deadly afraid of another drop and the weekend offers nothing but respite, since there aren’t any news events on the calendar that can change investor psyche.

I’d like to give you better news and I hope that I am wrong — but I’m fairly certain markets will drift away into the oblivion and beyond today. Your weekends will be filled with regret and fear, memories of better times will haunt you and you’ll pine for the past, as if it was a lover who slipped away.

The time for half measures are over. It is your duty to hedge now, into the 3 o’clock hour and hold those hedges into Monday — because being oversold to this degree and not stopping is how crashes happen. Remember, crashes happen during periods of extreme uneasiness, not joy.

More later.