Good afternoon lads
What a stupid market. It’s one slap across the eyebrows after the next. I was looking for some short ideas, but couldn’t find any. Everything is too overstretched to the downside. It’s a little nutty to short down here. That’s funny, since I own DRIP and DRV.
I guess the question is where will stocks be by next year, if earnings decline by 50%, thanks in large part to a drastic economic decline? That’s what we’re pricing in, right?
I am starting to wonder what in the fuck we’re pricing in anyways? The last two recessions were met with blood-letting on a biblical scale, 78% earnings reductions, and the end of western finance as we know it. Eventually, the sins of 2008, and the expensive wars, catches up to us and destroys America. Mexican hordes will overrun us with their lawnmowers and English will, once again, become the second language in this wide land of waste and ruin.
Maybe the world will be a better place, without America delivering freedom to it on a regular basis? Maybe Russia and China are the good guys, and we’re the tyrannical cock-suckers with the largest prison population in the world? Maybe everything you thought you knew about the world is, in fact, wrong — part and parcel of a ridiculous public education system?
One thing is for certain, irrevocably. My DRIP game is strong and I don’t fucking lose, especially when markets crash in operaesque Wagnerian fashion.
Since it’s Friday, let me shill for two reasons.
1. I am building an Orbital Space Cannon (OSC) to be used for offensive purposes.
2. I know I can help you.
Join Exodus, join Capstone. Ask around — they’re well worth the small expense.
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NFLX’s true value is well under $200 (I’m workign on a report to prove it), so who knows how far down it will go? What I do know is that the stock has no technical support until the $236 Feb low, and has a massive gap to $226 from 1/22/2018. That gap will be filled (maybe not today).
I won’t close it until either NFLX hits $236 or APPL hits $150 (bottoming the overall market).
AMZN also gettign crushed. I wouldn’t touch it above $1200 (as I detailed on this blog months ago).
Welcome to 1999, Millenials.
Endgame was September to January. Knew it and said it throughout. That was confirmed with Crack 1. Feb.
Crack 1, meant final countdown. Once endgame ends, you’re looking for the final blow. All the logic, pointed to final countdown. As I said from Feb thru summer.
With the until-then disallowed march above 3% in October, I said look out. Crack 2 soon follows. Crack 2, basically changes final countdown, to…elevated…for…Gameover.
Elevated chance of Game Over is what I was phrasing in the few weeks after the start of Crack 2. Not game over but elevated chance. (making sure slow thinkers get it)
The breach of Crack 1 and Crack 2 lows recently was a signal that it’s probably gameover. Got the go-ahead to be more emphatic. At least. So pucker up.
I bet you have a very attractive Crack (extra homo)
When do we reach hell?
You are a paragon. Monsieur Le Fly even knows great music.