My first mistake was thinking all was well. My second mistake was not taking action at the open. I was off 50bps at 9:30am and figured to myself “MEH MAYBE IT’LL RALLY”.
Wrong.
I just extricated myself from my losers, down over 200bps pushing me in the red for December.
In addition, to stem the flow of blood, I hedged via UVXY, SOXS, and TZA.
Can we rally the close?
No. The market is almost certainly toast for the balance of 2021. You should take this time to remember the good days, pre science, and relish the thoughts of when SPACs were wondrous and all one needed to do was to show up to make 10% per day. Now all we have is waste and ruin, a President so retarded he soils himself in front of other leaders, and talks to himself while getting angry at the fact he’s so old and braindead.
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