Dow down 445, Nasdaq more than 100. Rates COLLAPSED after people finally realized the entire inflation story was bullshit. Now we have nothing but deflationary anguish as the last of the stimmy checks get spent at Apple for new Macs.
I had a week from hell, down 8.4% and off 1.35% for this session. I attempted to trade and do so with skill but nothing worked and in a last ditch attempt at a comeback I forked my way into a pastiche of SAAS stocks only to fall victim, once again, to a most heinous CRIMSON CANDLE into the bell — sellers tripping over themselves, as America dives chest first into the knives of Father’s Day.
At this point, I have resigned myself to the idea that market must bounce — not only because I want them to but because they must.
Similarly, cryptos have begun a fresh leg lower and there is massive capital destruction presiding now over an otherwise BECLOWNED people who pray to the money gods and MOON THIS and DIAMOND hand that — right into the shitter- flushed out into a grave once visited by scores of others who also thought they had it made. Market cemeteries are filled with people who thought they knew it all. I have visited these places and have experienced the scorn of uncooperative markets my entire life. This is no different from all the others and I am fairly convinced we are in the latter stages of this grandiose experiment. But I only ask for 1 or 2 MOAR days to satiate my desires, so I am obstinately long with 70% of my capital into the jaws of a tiger.If you enjoy the content at iBankCoin, please follow us on Twitter