We’re going off the cliff, in grandiose fashion, and you will not like it.
The GOP will NEVER negotiate with Obama and Obama thinks he can do whatever he wants, since he was elected and all. As a result, you’re all going to suffer from heinous losses.
We’re not oversold yet, despite the perpetually lower equity prices. All of my screens and ideas are useless today, as we convoy the fuck lower. Thesis trades are for nothing, replaced by the pain of a margin call knife to the gut.
I’m not selling my 3 position portfolio because I don’t quit. With my cash, I will average down in everything, hope for the best, then sell the rips. The decline in gold/silver stocks has nothing to do with deflation. We are in liquidation mode, as hedge fund hotels get blown the fuck out. Impaired balance sheets should be avoided–because if liquidity dries up, they’ll go bankrupt.
We haven’t had a 50% breadth day since election day. This is what a bear market feels like and it will last much longer than you could ever imagine, if the degenerates in DC purposefully toss us over the cliff.
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