Intra-Day Update: GET OUT
UPDATE 2:17pm EDT: I’m seeing tons of ‘rumors’ regarding a market holiday right now. Maybe it’a s ploy, maybe not – but you we don’t need be stuck with short exposure for a week and then watch the market open by 1000 points. Also, if we reach -10% today it will trigger a circuit breaker and shut the market down for the rest of the day.
I recommend all you leeches close your open positions now and go into cash.
UPDATE 2:53pm EDT: That’s how this market is making me feel today. Not sure if I love it or hate it, and chaos is on the brink of breaking out any second:
Sorry for not being more productive, but I’m not touching this market with a 10 foot pole. Those gyrations are not giving me any confidence of picking a direction (for now) and the rumors of a market shutdown are sealing the deal for me. Cash is king, baby!
5 minutes to closing bell: I’m done for today – this market is going nowhere. Have a great weekend everyone! Before you go, crank this up: