You’ve been clamoring for this day for years. Over the past week, we’ve undergone a major sell off on extraordinary volume, while the elite were caught offguard on vacation. You could not have planned it better. CDS spreads for the banks are blowing out and BAC is off by 20% today. Whole countries are having issues financing themselves, as yields soar to new highs.
By the time the ruling elite come up with a plan to stem this crisis, the market will be in shambles. As the dicksuckers on CNBC declare “this sell off has been orderly,” nothing orderly is taking place in my portfolios. I’ve never underperformed so bad, in my entire life, than the past week. Just Friday I kicked out positions, raising cash to 70%, only to buy back in later, hoping for a reversal in fortune.
This is the nail in the coffin of the retail investor. He is done.
Having said that, the smartest managers in the world have been tricked by this tape. Do not throw yourself into a lit fireplace for losing money. While it sucks to be on the receiving end of sheer fuckery, it can be recovered. This is a panic. Put your charts away, for they will do you no good. The selling will stop when the last bull (Ned Riley) buys up lots of FAZ.
Taking a look at TVIX, it looks like Carl “fuck you, give me 3 seats on your board” Icahn initiated a hostile bid for the entity. This is fucking madness and I do not appreciate my twitter stream filled with fuckfaces who are elated over perpetual market crashes. If you managed to call this tape correctly, this is not the time to brag or drag people through the mud. Most people are invested in stocks and are enduring massive losses. Some people take losses badly and it can affect their health. All jokes aside, I will try my best to provide as much news and commentary as I can, while trying to maintain my book of business here, in the real world.
Fuck S&P and to hell with this administration’s futile attempts to buoy the economy. We do not need platitudes, but action.
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