DislikedI kinda like that it's selling off today like it is because the markets are pricing in the bad news already. .Ignored
More like the market is FINALLY pricing in all of the negative news since the end of last month (which it absolutely has NOT been doing until now).
The market absolutely was absolutely long overdue for what should be the beginning of a new, steep drop. It was amazing how many people were actually expecting some big rally before another drop. Rally based on what? The slowdown and uncertainty in Asia? The fact that the U.S. economy is just floundering? Or Europe teetering on the brink of recession?
You must all think that investors/banks are morons or something. You would have to be to even think about going long right now (unless you're a scalper, because even intraday traders should only be taking short positions right now).
This drop was a foregone conclusion. And it has only just begun. After two weeks of consolidation, I'm glad something is going to happen before the end of the year. I've held my short position this whole time waiting for this drop to begin. Time to continue adding lots all the way down.
I love profiting while the rest of the world falls apart. I make $$$ when the global economy is SHIT. Awesome! It's this kind of selfish, cynical, arrogant, narcissistic mentality that makes me a true capitalist. Fuck the world, and line my pockets!
A bullish rally is out of the question. The last two weeks of ZERO movement consolidation was as bullish as the market is going to be for a LONG time.
Hello, new lows!
Bulls, get ready to hurt.