THE COLLAPSE IS HERE

It’s over again. All hope was lost today, with exception to shares of DWAC.

I ended the session long commodities, DWAC and lots of TZA — 35% cash. I made 41bps, which isn’t a lot — but nothing in comparison to what your losses were.

Bottom line: The bulls have tried and failed to gun this market up and now shall receive nothing but the black flag. I cannot fathom a scenario where bools get back the initiative, but we shall see.