I was elated to have made 1.7% by the close of my previous blog. Smugly, I recounted my experience in the market as one does when ones is always right — reeking with glib condescension and arrogance (I had classical music on during my previous blog). I was going to teach all of you how to make money in stocks — sharing my methods and ideas. I had gained 1.7% while the yield curve inverted, war was imminent, and all on a Friday — because the stocks Gods showed me favor.
All of that shit ended when I published it and it wasn’t long before the fucking market COLLAPSED under the weight of its own hubris — taking FOOLS like me with it. I had gains, but not anymore. In replace of those gains are LOSSES, moderate now at -0.06%. One might muse at that and say “Fly fuck yourself — I am down 25% today.” Bear in mind, I am a professional.
The NASDAQ is down 80 and the 2yr inverted with the 30yr, first time since 2007. We will now see the destruction of America — all happening live over the next 18 months. You will glance back into your photo albums and remember kinder, more genteel, days — and of course PINE for the days when you had losses of -0.06% — because pain is coming largess and there is nothing you can do to stop it.
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Interesting chart comparisons if you pull up Jesse Livermore’s “Speculative” chart vs a NASDAQ Monthly Chart. Probably nothing though.
Livermore just got tired of ‘winning’ too much.