WALLED STREET HIT WITH NIGHTMARE SESSION HEADING INTO CHRISTMAS

Dr. Fly Mon Dec 5, 2022 4:15pm EST 2 Comments

Let me elaborate on several items, so we are clear.

I never believed in any of the narratives that pointed to stocks going up. They are going down for a long long time and you’ll have to deal with that reality going forward. The idea we rally based upon the Fed sticking their knife only halfway into your heart instead of fully — IS ABSURD.

This is what is going to happen, with exact measure.

RETAIL SALES WILL MISS EXPECTATIONS.

THE CHINESE ECONOMY WILL IMPLODE, TAKING WITH IT EVERYTHING.

THE RUSSIANS WILL FIELD A MILLION MEN TO WAR WITH UKRAINE, DRAINING WESTERN RESOURCES TO THE POINT OF COLLAPSE

THE FED WILL STOP HIKING BECAUSE IT’S OVER. THE ECONOMY WILL SHRINK BY MORE THAN 3% NEXT YEAR.

Rallies are to be sold lads. If you’re dumb enough to believe in the fantasy of democratic capitalism, I have a laptop with the President’s son smoking crack with whores to show you.

I managed the session like a champ, +38bps — fully hedged via SQQQ and TZA into tomorrow’s almost assured collapse. Had I not been hedged and waited to reallocate to my weekly holds, I would have been down more than 250bps. But thanks to 4 for 4 day trades and a little luck, I escaped the market’s wrath and now stand before you, a towering and terrifying visage, which will haunt you in your nightmares as a reminder that it’s over and there is nothing you can do to stop it.