I agree yea, definitely profit taking, the interest rate cuts aren’t having nearly the effect people think they are on stocks, and the war, while it may affect oil prices was a convenient excuse as well
That was an insane 6 month run up but it also was coming from 2 years of flat/down markets since the covid highs. 6 red days though god damn.
Of course, it's still an attack, a response to their embassy getting blown and officers getting killed.
Yet they still shot their cheapest drones and a few of their oldest missiles, and announced it 72 hours in advance to make sure the U.S/U.K would also help intercept them.
Global markets seem to be in deep crisis mode. Get ready for another wave of inflation, get ready for a currency defense, get ready for an escalation of war in the Middle East. Bombs will go off in unexpected places. guys
Dear Bears,
You were right.
The market was frothy and we didn’t listen.
I wish we had taken profits. I wish we had bought puts. But that’s simply not in our DNA, and we own that.
Enjoy your well deserved tendies, and we’ll see you in a few months when we start this shit all over again.
Signed, PermaBulls everywhere ![img](emote|t5_2th52|4260)