Did We Top In August?

If you sold the $IWM in February and never looked back, that was the high water mark for 2023. Everyone has been TRANSFIXED by $NVDA and the mega capped weighted NASDAQ — but the real essence of stocks lies in the Russell 2000. If you would take out your monocles and peer at the graph below — you’d see we touched those Feb highs again in late July-early August and have since descended into hell once more.

Some might argue we are ebbing here and sky is the limit — similar to when the $IWM languished in May, marooned in mediocrity whilst $META surged ahead — as they viciously combatted fake news and other important matters for the state.

But we have no way of knowing if this is the bottom and must assume the current trend will prevail into November and beyond — perhaps forever. For all we know, this might be the top of tops — markets may never achieve these levels again and we’ll soon swing lower into an apocalyptic doom — featured with but not limited to LOOTERS cascading into Target clad in Palestinian flags removing inventory from the storage facilities, loading them into their tractor trailers for redistribution amongst the Amazon shopper class.

There is but one vestige of true American nationalism left and that’s amongst southern whites, who mostly manifest themselves to be the God fearing patriots intent on keeping America safe and free. In the coming years I suspect these dangerous ideas will be rooted out and freshly minted migrants dispatched to replace them, or at least marginalize the sons of NB Forrest and Robert E. Lee.