We are max oversold following a 500 point drubbing in the NASDAQ. Naturally it happened while I was traveling and away from the desk all day, only time to pop in for moments to buy dips. I bought them but still remained in 50% cash and yet in spite of all that I still lost a staggering 4%.
We are oversold for all algos now except historical. I can promise you this, there is a massive upside day coming but I can’t really ever tell you with 100% certainty during panics. The feeling is always dreadful and I almost always second guess being long into tapes like this. I remain so because, to be honest, I’d rather be wrong and lose money than miss out on an oversold bounce forecasted by algorithms that I developed and have depended on for more than a decade.
I haven’t ventured much inside the Pelican Room today but I’m sure many people are considering blowing their brains out en route to the pavement from the ledge they just leapt from.
The reasons for panic is as follows.
RUSSIA CUTS OFF GAS TO POLAND AND BULGARIA BECAUSE THEY REFUSED TO PAY IN RUBLES.
All that aside, we are, invariably, heading into combat with a very big army and for those of you OSINT homos on Twitter maligning the Russian army for losses — you should shut the fuck up because once we commit to destroying them, they will do the same and it’s shameful of all of you to not see the ramifications of all this. I will never support a war for Ukraine and I will never sacrifice my sons to defend their corrupt and wretched country. That’s for Ukrainians to do, yet for some reason, we are ensnared in the deep state’s web.
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I don’t know who is in charge in Poland, but he/she/it, (like the fuck in Ukraine) has absolutely no regard for the people of their country. He has had them running down the track toward an oncoming freight train. A mile away, a half mile away, a quarter mile away.
They could step off the tracks at any time. But no; they are running toward disaster. At some point; it’s their own gd fault and they will sadly get what they deserve. And many here (not iBC) probably will too, but later.
They despise Russia more than you. They have lived it and choose not to be threatened. Europe will have none of this Russia aggression and they don’t require instructions on that.
Russian aggression? Putin sat inside Russia’s borders as we expanded NATO to his doorstep and then we staged a coup in the one place that Putin said was a step to far. Then we elected the head a Ukrainian-Oligarch-payoff-taking family as president and the old fool provoked a hot conflict in Ukraine.
Turn off NPR.
*Finland and Sweden have also entered the chat
cool with me. let europe handle that mess
It’s all intentional. Grifters gonna grift, especially the largest Grifter armaments class in history
Message for the Secretary: yesterday he said Ukraine can defeat Russia.
Hello, McSecretary, perhaps you didn’t know. Russia has hypersonic nukes; Ukraine does not. Although it’s possible a guy w a knife could win an encounter with a gun wielder; I would not bet that way.
It’s almost as if he doesn’t care about humans being slaughtered.
Geopolitics are so bad, I’m asking for Yeshua to come back, I’ll follow him to kurdistan/Assyria.
The only people that can call Putin’s bluff are the neighbouring countries and I suspect they will do just that.
lol, we kicked the u out of neighbor when we kicked the brits out of America
A common mistake: thinking WWIII will be anything like WWII.
This war so far is like each side throwing cotton balls at each other.
The heavily padded gloves are still on.
no one. absolutely no one thinks ww3 will be anything like ww2
No informed person (like you) thinks that, but I believe you greatly overestimate the average person’s knowledge and analytical capabilities and their % of the population.
e.g. people who given the choice, took a bar of chocolate rather than a bar of silver.
They can’t imagine they could be impacted, here.
It’s cool you can buy individual dips in tobacco friendly North Carolina. In Texas we have to buy the entire can. I did hear nyc has a loosy policy on cigarettes.
Love the fly vacation plunge
Lower high bunker formation