Well, the Trump administration kept bragging about the stock market successes, now they’re gonna have to fall victim to the odious true nature of it — a wild unkept beast whose only goal is to eat the testicles of those playing inside of it.
The rare air of tumult is abundant today — with the Dow Jones falling by more than 240 and the fag-heavy Nasdaq off by 110. It’s a good thing $SNAP was afforded the opportunity to come public and get liquid on all of the middle aged men who wanted to be a part of the social fabric that is shill-heavy Americana. These are the culture wars, after all. You’re either one of them, or everyone else. The good news is, there’s time left to jump over the transom and back into reality — far away from the vainglorious bedlamites who hover over us like ravenous vultures — and into the less servile quarters.
Bitcoins were higher by 6%, gold nearly 1% and everything else sharply lower.
Major losses were invariably big in almost every sector — especially banking, biotech and basic resources. Standouts included $HCLP, $SID, $CLF, $KITE, $ALNY, $JUNO, $X, $SGEN and $VALE.
Breadth stood at a pathetic 16% and the Bubble Basket found in Exodus was drowned by -4%. Since we’re running free trials through Wednesday, some of you might truly get to embrace the algorithmic winship inherent in the platform.
As far as I’m concerned, my all in position, $WLK, shed nearly 3% — leaving me in a forlorn recalcitrant mood into what could be an extended whorish move lower. Instead of permitting the market to fribble away at me like this, I might just do something about it tomorrow — via downside hedges or a full liquidation of the position. I have zero qualms about losing when the markets are hard. I do, however, feel that to lose for an extended period of time, in the face of undeniable truths, is inexcusable.
To that end, if you find yourselves in a state of ruin after this minor parlance into corrective territory, you’re likely doing it all wrong. Either way, make sure you can survive the broken elevator drops and be able to buy the blood and the pitiful state of your fellow trader — transferring his loss into your magnanimous gain.