More controversial opinions, designed to piss off every bull. First, retail has broken its channel. I was bragging about my brilliant bear call from the tippy-top of the channel but apparently the comically-overvalued market is starting to dawn on even non-Slope readers, so channels like this are getting shattered.
I’ve only mentioned it 50,000 times before, but I think the energy sector is doomed. The raging success we’ve had with bearish calls on energy of the past month are, I believe, merely the beginning.
And the much-touted biotechnology sector, which would make us all six foot tall, blonde-haired, blue-eyed Adonis-like creatures, appears to have hit a bump in the road. This entire sector has already been nuked, but it seems to me only the first few ICBMs have exploded, and the global thermonuclear war has only just started. There’s nothing but empty air below the now-broken top.
