I felt markets could recover today, but now feel the opposite. Evil people are making Trump’s great big beautiful market go down and patriotic HODLers are being subjugated by them in most heinous fashion.
Nevertheless, I’ve been buying all day, trying to ignore the pangs of my misery — keeping the faith in the religion of this bull market, the never-ending attempts at reflation and wealth creation for those with most to lose.
I’m just about fully invested now, most patiently and eagerly waiting for an end of day stock to grab onto. I don’t think this drought will stick, since oil is higher and plenty of high risk names are up. If you’re like me, wading thru today with gold, try to avoid looking at each tick. It’s summer, after all. Might I suggest a brief sojourn to the local beach?
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I was up right at the open by 3.2%. By the end of the day, I was 90% sidelined and down 3.9% for the day. Greed and impatience, but lived to fight another day.