Look Out Below
Here is a long term look at how bad this market is for investors.
Nothing is going up and the volatility is high.
Banks are making a run to 0.
The only potential silver lining is the catastrophic ratio between down/up volume, but I wouldn’t wanna try and call this capitulation ahead of time.
All in all, the market is clearly unable to catch a real bid, and as we begin to see 12/14 year lows get breached, people will get increasingly fed up. I suspect tomorrow’s open will be rough for the longs, but I’m keeping my eyes open for a “WHY THE FUCK ARE WE GOING UP?” rally.
P.S. Am I the only one happy to see the efficient market theory consume Berkshire Hathaway? Somebody buy Warren a Cherry Coke once you make a killing short AXP.