Everybody was apparently set up for a big “relief” rally one a “debt deal” was completed…
Did I mention ugly? No other way to describe today’s nasty sell off. Everybody and their mother was apparently set up for a big “relief” rally one a “debt deal” was completed. So the market did exactly the opposite and collapsed as the selling fed upon itself.
Lucky to be in cash indeed. I didn’t pull any triggers today but if tomorrow’s weak at all — and especially if we can get another big sell off like we did today — I’ll be a buyer.
Won’t know til they throw the pitch…til how the river’s flowing and the fish are biting. Stay focused, it’s about to get very interesting.
See you tomorrow.