In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks to be stuck long here. 1 really bad decision over the course of 3 days can ruin your entire year. Very interesting times.

I’m considering covering now, which is fucked, because I’ve already taken the hits, and today is one more move to the downside. I know its the bottom or the final hours of this selloff, but the market is perfect with fucking over the most people most of the time and I’m going to get nailed here.

Its simply amazing that the Market “knows” what amount people can stand and what they can’t. Today is that day where everyone who hadn’t covered, will.

Thanks for reading

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