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Harry.

Translation: this is not a drill, dammit.

Translation: this is not a drill, dammit.
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8 comments on “Harry.

  1. monkfelonious

    I just read over at CNN this: “Selling your stocks now will only lock in losses”, with the sub title of;” Market volatility is a value investor’s best friend.” For me, I’m pretty happy with bailing early. There is something about being 97% in cash that feels pretty good even if like a stopped clock, its only right twice a decade. I could never understand this ‘pry my dead hands’ of stocks when getting out then getting back in is rather inexpensive, at least in an IRA trading account.

  2. This one belongs in the Hall of Fame, H.

  3. Thanks – love the article and the graphs.

    Late cycle correction. Wouldn’t be surprised to see this bottom out somewhere around the 200 DMA, ie. ~13% below that Jan 26 peak, then turn up for another assault on the summit. If folks think this feels rough, just wait for the real bear shit storm that will likely start before end 2018 and will occupy probably all of 2019…

    In that sense, actually this is a drill.

    • Partying just like 1999, the floor will drop away later after another leg higher. This is not the end. This is a fire at the casino where a few of the games got too hot, but the entire casino is not ready to blow up just yet (6 to 12 months down the road).

    • unless the robots just keep selling

  4. …at least if you are over 50% cash already, then it’s a prepper session.

  5. Caution! When trump says pray you are assuming on bended knee and folded hands …. wrong.

    In trump’s world that would be PREY.

  6. Pingback: Are Junk ETFs About To Get Stress Tested As High Yield Cracks? - Financial Consultant

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