This is what I posted the last time Egypt collapsed. Just remember, ol’ uncle Cain is here to give it to you straight. The 9th floor was opened to the public for the explicit purpose of raining unpleasant truths on the heads of daydreamers.
When Mubarak was ousted, it was pretty obvious this wasn’t going to end rosily. You just had to be honest with yourself.
It’s like the same record stuck on loop.
People were fretting about the Suez Canal. Sound familiar?
It’s interesting, seeing the things I nailed versus the parts I got wrong. Through it all, even back then expecting the market to sell off, Ben was ever present. Will the beard save us again, or is his untimely retirement the first sign of the coming of the end of days?
Currently, as Egypt falls, I’m shorting oil and expecting markets to correct lower. This is like an exact repeat. Should I “learn” from my mistakes, or am I right this time?
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