Here we go again. I leave for enjoyment and markets collapse thru the floorboards. It’s the age old tale that keeps repeating itself, haunting me as I traverse this plane.
I sold all of my down stocks this morning in attempt to stem the tide. Too late, already down 160bps. Both cataclysm and doom is around the bend. I am tempted to trade, but should not, as I will be on the road for the next 5hrs.
I can do nothing now but watch, as I sink into oblivion or rise due to miracle.
I am 67% cash, halfway angered, halfway amused by the circumstances of the market. If we are following the 2014 pattern, we bounce hard in May and then collapse again. The overall market is fine. The problem we have now are within the once very fun and very overvalued bubble stocks.If you enjoy the content at iBankCoin, please follow us on Twitter