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Well, just about the only thing left that countless millions of people cling to to give their bankrupt lives some kind of meaning is failing. The seven year support level for retail has been breached. The world continues to collapse into a heap, aching under the weight of a hundred trillion dollars in debt that will never be repaid. Enjoy the show. Slope is your front row seat.
Anything that is an “asset” is falling. Equities. Gold. Bonds. You name it. I’m short everything. Absolutely everything. TLT just breached another support level.
Twenty-somethings have never been through a bear market. As they like to say, “Stonks only go up.” Heh. Heh heh. Oh, you.
Anyway, their logic doesn’t extend beyond, “I like pot. I like jeans. I like concerts. I’ll buy stocks that have to do with those things.” You can see the results for yourself. And they’re all going much lower before this is done.
