Well there you go folks.
If you’re looking for some confirmation bias for your still-bullish outlook…
So the real drama (if there proves to be any) will come tomorrow.
“As I struggle to find the words to communicate my thoughts, I worry they will be misconstrued. Yet I don’t know how else to say it – except to blurt it out. So at the risk of being labeled a fool, here it goes – it’s different this time.”
Ahead of a “make or break” moment.
Or, put differently, how much would it take to break the spirit of market participants who have been conditioned, Pavlov style, to buy any dip no matter how small?
“Last week’s twin 1,000 point plunges on the Dow were not errors.”
Farewell to Kansas.
And see it’s not so much that the timing was horrible as it is that the writing was on the wall.
So watch bonds. And the dip buyers. Oh, and maybe Bitcoin, too…
“If you’re holding cash”…
Well damn. That moved from “early-stage” to “advanced” de-risking pretty goddamn quickly, didn’t it?
From BTFD to STFR.
Is this it?