This is distribution. The market has topped during late April. I wonder who said this would happen, almost to the exact day.
Stocks are, for lack of a better term, plunging lower. We are seeing losses strewn out, across the board, in a most heinous fashion. For the better part of the past two month’s homosexual giraffe’s have been running this market higher, based on the theory that men could indeed urinate, standing up, in the ladies room, and that QE would save the day, and that oil was bottoming, etc, etc, etc.
All of that was wrong, AND MORE.
Earnings have been an abomination. The very thing that is supposed to fuel stocks higher, will indeed crush them back to the February lows, and even lower.
TLT is trading higher again, now up more than 9% for 2016, by far the best performing asset class worth allocating into.
Dark, dark, even grim, days lie ahead. Brace yourselves for the storm to come.
NOTE: The iBankCoin Bootcamp schedule has been posted. I hope to see you all there.
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