You know the market is fucked up when rallies can’t stick. But the reason why you hold through it, even though it feels wrong and risky, is for the potential payoff.
What sort of payoff?
Lots of money, pal.
Crossing into the final hours of trade, we’re likely to suffer extreme volatility, which means sharply lower prices and then maybe a full recovery. The market is in pain mode, which means it’s whole purpose is to trick the maximum amount of people in order to remove them from their money.
We had a fine rally, up more than 300. But now we’re giving it all back and on the verge of going negative. This wreaks of margin call selling, a havoc the market can ill afford right now — but will do so nonetheless.
We’ve just endured the worse single month of trade in a decade. The optics look poor, barreling into the elections. Perhaps that’s what this is all about — a democratic takeover and subsequent impeachment of Trump. Whatever the real reason is, everything ebbs and everything flows. Right now we’re ebbing a whole lot, but maybe soon we’ll flow and drift gingerly into the blue skies, victorious.
Back on earth, the soil is blackened by the fires and the people are gray with discontent. The mood is grim and the horizon filled with rust.
Feeling moody and 100% convinced we’re heading lower?
That’s how you’re supposed to feel just before the turn.
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Just Kindled your book Fly. Solely for the Tootsie Roll story.
China has to be counting on Trump damage at midterms and failing that 4 years is almost half gone. They will be totally flummoxed if youse stop fighting amoungst yourselves and gather around the flag.
VIX is maintaining. Scary chart. looks nothing like February/March.
I bougt a hedge.
The IV of EEM has matched its Feb high. Sure doesn’t look like that has topped yet.
It’s now or never for the tech breakout
I remain confident of the Turkey Gods.
Scheduled to arrive in 3 weeks.