It really is the end of the world. Today’s failed rally is so funny/hysterical, I am doubled over in uncontrollable laughter. True story.
What a crock of shit.
Again, can Morgan Stanley [[MS]] and Goldman Sachs Group, Inc. [[GS]] just get it over with and file for bankruptcy protection? Buying [[UYG]] was a mammoth error, on my behalf. However, the good news: I didn’t buy too much. But still, come on, the world markets soar and we can’t rally for more than 1 hour. How pathetic is that?
Even if we recover today, the damage has been done.
With that in mind, I find little reason to believe the Dow will hold 8,000. Hell, with all the fuckfaces out there getting panicky, this fucker can nose dive to 5,000 and they’d still say “we need a bigger flush out.”
These people are fucking idiots. They were idiots when we were going up and they are idiots now, as we go down.
With regards to the Fed:
It really doesn’t matter what they do. They can only hurt us at this point. If they cut by 50, the market will yawn it out. If they cut by 25, the panicky morons will use it as another excuse to sell.
So, just to sum things up:
The world is going to explode and your portfolios are going to zero. Which one is worse?
NOTE: I am long National-Oilwell Varco, Inc. [[NOV]] , The Mosaic Company [[MOS]] , [[UYG]] , [[DIG]] , [[ROM]] , [[M]] , [[EEM]] and many other stocks, with ZERO intentions of cutting losses or hedging. Gentleman/asshats: this is “Titanic Trading” and I am your captain. We are heading for some white matter in the middle of the Atlantic and I have no interest in dodging it. We have a limited amount of life boats, so act accordingly.
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