Not bad: Serious explosion!
So it's been over two years since a blog post. Throughout the last two years, I've posted many times in my brain. But I'm working now and have a very busy practice. Trading, by comparison, is chump change.
But let's look at today, after the 10% rout.
This is different this time versus the last true bear in 2008.
Bottom line: I don't know. I'm thinking lower, lower, lower... That, or a massive short covering rally in the cards.
All of the reasons aside, I don't think this market goes massively lower.
Evidence of panic: https://www.intellectualtakeout.org/article/coronavirus-mass-hysteria
I feel a lot of the selling is margin calls. Too many too comfortable for too long. No free lunch folks.
See you tomorrow. I really miss blogging. Go take a cruise tomorrow and enjoy life.
