I closed the month +0.25% in very risk averse trading. I could’ve spared myself the time and toil by just going on a month sojourn — but time is backward looking and only quitters give up on dreams of achieving success.
The NASDAQ raced lower 5.2% for September — extending the market’s losing streak to 8 weeks.
I am positioned into Monday HEAVILY NET SHORT and truly want you to remember that I said this come Monday. I had a grim vision, a prediction even, of brightly lit fires canvassing the entire market — people foisting themselves through windows without even bothering to open them.
When I was a boy, perhaps 10, I once predicted every single lottery number before it was revealed on the TV. One by one I called out the numbers and was delighted to see that I had predictive powers. After that, I went out to play baseball and later on throw M-80s into manholes to chase the waterbugs and step on them as they scattered for their lives.
I view the market like this, almost all the time. I am going to drop an M-80 into your home and when you come out to scatter about in the chaos — I will step on you.
Very sorry for that visualization — but sometimes I cannot help myself.
Cheers!
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We are turning down but the main steam narrative is missing yet. They will cough one up soon enough. I doubt government shutdown is it, tending to think bond market with a side of oil prices.
We had similar childhood experiences, separated by 10-15 years. I also blew up M80s but mixed it with Cherry Bombs for added flavor.
Will you be the Fly Who Cried Wolf come Monday or will they finally let market panic ensue.
Tune in Monday…same bat time, same bat channel.
I have a different perspective having grown up in South Florida. My Brother and I would go fishing in the Gulf of Mexico and related Bays near Sanibel Island. We would catch mangrove snapper, sea trout, sheepshead, etc. We would also catch pufferfish on occasion. They are poisonous and blow up like a balloon when pulled out of the water. We would park the boat under the Sanibel Causeway and toss them up and over under the traffic and hear them “pop.”
Good times.
Maybe it’s just me but how many numbers and what was the range? Did you call a 9-0-3 or 35-24-7-20?