Not exactly a restful night, is it, folks?
I’ve been waking up about every hour. It seems to me today is going to be one of the biggest crashes in history. Anything which is an “asset”, with the exception of bonds, is getting annihilated. Even gold, which initially screamed almost $60/ounce higher after the shock event, is getting killed.
And although the ES has been limit-down almost from the open on Sunday……..
…..a glance at DIA and SPY indicates that the Dow is down about 2,200 points or so, if trading were allowed to happen naturally.
This is going to be a day like no other. I’ve done over 25,000 posts, but my March 12th post has to be one of the best predictions I’ve ever been able to make. I fear that hardly anyone had a chance to take advantage of it. Things have simply been moving too fast. God knows I’m not as well positioned as I’d like to be.
I mean, good God, look and what I wrote on the 12th. Point by point. It’s kind of hilarious how accurate I was and that I’m not totally short right now. But Friday’s rally was a bolt from the blue (and exactly what was called for, based on my prediction). Just. Too. Fast.
There isn’t much else to say at this point. Nuclear Armageddon is about to be unleashed on the financial world. For myself, all I can do is take one decision at a time, and with as much care as the situation allows.
Good luck today. I’m not sure how frequent my posts will be. I know that comments will stay active. If nothing else, I’ll do comment cleaners from time to time.
Godspeed.
