Today, U.S. stocks seem to be the big story. While fishing, I kept feeling like I was wasting my youth and would regret it when I got older—just drowning in guilt.
Ever since I turned bearish at 869, I’ve been out fishing every day.
At this point, there are basically only two possibilities for the market. First, it continues to find support around 75. U.S. stocks rebound tonight or stabilize, the market starts a rebound too, and then we wait for U.S. stocks to fall a second time.
The second possibility is that U.S. stocks stay weak tonight. The funds keeping prices above 75 rush for the exits, and market makers following suit could easily send prices straight down to retest the lows. If that happens, we’re probably heading for the bottom. By the way, you’ve all got money ready to buy the dip, right?
Ever since I turned bearish at 869, I’ve been out fishing every day.
At this point, there are basically only two possibilities for the market. First, it continues to find support around 75. U.S. stocks rebound tonight or stabilize, the market starts a rebound too, and then we wait for U.S. stocks to fall a second time.
The second possibility is that U.S. stocks stay weak tonight. The funds keeping prices above 75 rush for the exits, and market makers following suit could easily send prices straight down to retest the lows. If that happens, we’re probably heading for the bottom. By the way, you’ve all got money ready to buy the dip, right?
