You’ll want to feel like you did last month, a common trait amongst all addicts. You’ll throw your money around sentimentally, hoping to repeat past glories, running headlong into brick walls hoping to find a road etched into it like in the Wile E Coyote cartoons. I hate to be the clarity you need, since I do not enjoy being the bearer of dreadful news. But it’s over. The bull market might not be gone — but the speculative bubble that was going to take us to the moon and back is nothing more than a faint memory now, a moment in time when people got carried away.
Prices are deflating in a number of “hot” sectors and has been for more than a month. There wasn’t ever any underpinning behind this move; therefore, it will transcend and sink into dust.
I have take blows today, as my NFT gambit fell flat. I am presently off by 240bps, but have already begun redecorating my portfolio and more importantly mentally preparing myself to deal with this new reality. Like you, I too want more and to see the sun rise over PLUG and to see Elon Musk’s net worth balloon to $1 trillion while also watching him shit on the SEC.
The new reality will be rooted in fundamentals and slow moving stocks — molasses dripping off the counter into a sauce pan. Slop it up.If you enjoy the content at iBankCoin, please follow us on Twitter