When flying under the black flag, enemy combatants are not to be afforded safe quarter. Surrenders or retreats are not acceptable to the attacking army and will expeditiously extinguish any semblance of the defeated enemy — cured only thru death. What we are boring witness to now in the markets, with the NASDAQ off by another 150, is the complete destruction of the Tik Tok investor cadre — the dumb bitches who believe AMC is going to $2,000 or at a bare minimum $1,000.
I look forward to seeing these people and their dead bodies strewn out across the battlefield, as I trot heavily on my horse sticking pikes into those still alive.
We are in margin call territory now and the losses can get MORE SEVERE. However dreadful, I am always reminded of the countless times the market has pulled rabbits out from its ass and therefore hold 1 position, an upside biotech ETF — because nothing says “end of days” like being levered into an ETF betting on companies of a fictitious quality one could only hope the pandemic sticks around for a little while longer in order to juice these fuckers on hope.
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