Sunday, July 10, 2016

Ignorance And Arrogance Only Takes You So Far In Life

And then you get monkey hammered into fucking oblivion. "Without any warning". Shit happens, man...

MW: July 8, 2016
S&P 500 Prospects Are As Clear As Night And Day

"It’s an open-and-shut case: The stock market’s near-term prospects are good."

"The more removed an investor is from what’s going on, the more likely he is to react emotionally and get swept by the crowd—and therefore be wrong."

I could not agree more...
The more self-absorbed a dunce is, and therefore interprets important data with the exact opposite message it's conveying, the more likely to get monkey hammered overnight by foreigners who "don't know anything" about global risk...

The same chart with S&P downside overnight gaps, lower pane:
10 dma:

"Getting monkey hammered limit down overnight was a buying opportunity"

And then one day it wasn't...too late.