Remember when oil was negative $37 per barrel? The price action isn’t as bad — but algorithmically today’s pin action is on par.
I do not ascribe to the fact that “this time is different.” I am hammered for -2.8% with 63% cash. My stratagem is of the Martingale Varietal. I shall endeavor to AVERAGE DOWN into the maelstrom and continue to buy as we circle lower into the sewers. I understand and acknowledge that President Biden is the biggest piece of shit to have ever been born — but mean reversion and markets sing to a different tune and right now PANIC is setting in and plebs are RUNNING for cover.
My best guess is for a CRASHING OF THE CLOSE, followed by a CRASHING OF THE MARKET ON MONDAY, at which point I would have likely tossed in another 15% of my assets into the fires.If you enjoy the content at iBankCoin, please follow us on Twitter