I arrived late last night because my fucking dog sitter canceled on me last minute, so I had to scramble and find a new one. The venue is spectacular, due to the refinement of the beach front property that I am staying at. However, overall, Myrtle Beach is, inexorably, a shit hole. Lots of tourist nonsense and places of ill repute. While here, I will keep myself away from all that and be sure to only leave when en route to fine dining.
Markets wise, things cannot be worse. The Dow is fucking crashing thru thru floorboards and I am hooked and flat footed, presently down 250bps. I have since pared off several positions and have increased cash to 25%. I also feel very uneasy about trading during vacation, due to my wife wanting to kill me for it. I might sneak in a few today, however, since things are so active. But it looks bleak out there.
I suspect the Nasdaq has more to fall —- but again I am reticent to attempt to play this now, so I will resort to dip buying.If you enjoy the content at iBankCoin, please follow us on Twitter