Big reversal ensuing, led by stupid stocks.
Crooked men, wearing burlap hoodies and velcro shoes, crawl out of their ancient homes, like zombies, to eat the brains of those who like stocks. “SHAME ON YOU,” yell the Tea Party protester, while selling short [[SPY]] with great vigor.
We have a reversal gentleman and the bears are eating your faces.
“This is it. This is the big one. We shall have a Red October, after all,” they chant from the dark alleyway, sewer pipe scene.
Back on Wall Street, men with jumping jacks in their pockets and lots of caffeine running through their veins laugh, all the while the world crumbles beneath their Bruno Maglis. Truth be told, today’s sell off of 0.9%, while discomforting, is exactly what “The Fly” predicted. None of that matters now, since the planet is tagged with a economic time bomb, not seen since the late super-fun days of the Tulip craze.
Nevertheless, as the carnage commences, I will sit here, chuckling at the birds, while counting my money. I have been selling into strength so that I can buy on dips. Essentially, the market is doing what it should do, drop like a stone—Pearl Harbor style—to the chagrin of the retail nerd.
Good Day
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