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No, that’s not a quote from me banging on the door asking to use the bathroom. It’s simply my attitude toward the market, which seems to be struggling with its willingness to plunge itself into oblivion. Not that this has been a bad week. Far from it. Still, it would be nice to simply see this thing go full-blown Imodium A-D.
The “feel” of the market has absolutely changed. For 2026 as a whole, the sensation of fighting the beast has dissipated, and my disposition has morphed from defensive to opportunistic. I will have more to say later, but for the moment I’ll simply offer two thoughts:
First, the prospect of a truly meaningful breakdown is looking clearer than ever……….
Quite the day, eh, folks? I’ve been doing a combination of day trades and housekeeping on my longer-term holds. A new one I just entered was June $100 puts on NFLX, in spite of the risk that we do in fact find out that the British elite of the 18th century were a variety of black, dyslexic, pansexual, and/or differently abled people.
The finger is already inside.
Here, in a single chart, is the failure of the bulls (which is everyone except me and maybe two folks here on Slope) to take back control of the market.
