Apropos, isn’t it? I barely made it out of yesterday green and today the rug has been pulled, with the Dow on pace to plummet more than 600. I’ve been waiting for this moment since this whole COVID recovery began in April and I find it grotesquely odious that it should happen whilst I’m en route home from my mini vacation.
What more is there to say? The dollar is soaring, bonds are firm, commodities poleaxed, and stocks are getting skinned alive.
My best advice for the day is to avoid the temptation to buy everything at the open, while also avoiding the temptation to short into the hole. It’s entirely possible we bounce off the lows and then crash the close.
Be patient, trim losses when your stocks reach -5% and have your worst case scenario be something you can easily come back from.
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ot
“Conversations over the dinner table that incite hatred must be prosecuted under Scotland’s hate crime law, the justice secretary has said.”
@JTasioulas
Can’t wait for Bezos to announce Stasi (Trade mark sign) by Alexa
to automate the reporting of stray dinner table talk
@nic__carter
https://twitter.com/nic__carter/status/1321445002615160839
Too late, Alexa already reports on you; they just haven’t started smashing in your front door yet.
Exciting …but nothing new. Stocks off, but perceived safety kneejerk move remains: buy dollar, TLT, etc. I bought TBT this morning, but will be out tomorrow if the world doesn’t start agreeing with me that treasuries are not safe..
Sell the bounce like a pussy?? Lol TLT making lower lows
I don’t think I’ll ever buy TLT again ever -Fly’s ark is sunk for good
Noble Fly! Hope all is well. Long time since I have been here. Vacationing in October? You sick fucker. Good to be back, hope to be on more often