Casino gamblers have taken it as an article of faith for the past two years that markets never go down. This never-failing BTFD mentality has enabled the accumulation of record leverage across every speculative asset class, from Bitcoins to Chinese internet, revenueless Biotech, passive ETFs, Oil futures, and now pot stocks. What else?
Bitcoin tagged .618 fibonacci and is now in wave '3' down. Apparently futures limit down and exchanges going offline due to trading volumes, is uber bullish.
This decline should elicit a tad more "panic" and a bit less "BTFD", as the exchanges go offline for hours, and then longer...
This decline should elicit a tad more "panic" and a bit less "BTFD", as the exchanges go offline for hours, and then longer...
Retail stocks are starting to roll over again. Shocker...
"During 2018, "we're going to see more bankruptcies, more store closures. That's not changing"
But what about the tax cut for Bill Gates?
What happens when Tech and Retail roll over at the same time...
Because there are no more fools to follow...
Muppetized by Central Banks. Yes, again...
