I knew the market *might* collapse while I was away from the office and here we are, DOWN 200 NASDAQ, yields spiking, euro cracked lower, volatility through the roof. To put this into perspective, there is plenty of time to react if you missed this leg lower, should markets barrel back down to the lows.
I’m 95% cash, 5% long REI. Although tempted to place some trades, I’d rather wait to see if this is a legit reversal first. It has all of the trimmings of a bear tape. However, for the last 2 months all of these dips have been bought. Perhaps the reality of the situation is finally settling in, the inexorable dilemma of growth vs inflation managed by incompetents equals crash?
Let’s see.If you enjoy the content at iBankCoin, please follow us on Twitter