LiveStock will be today from 1-2PM EST, I suggest you tune in HERE.
Futures are now pointing down 7%, Japan is down 9%, Europe is down 8%…looks like we have a full blown crash today, Monday, Tuesday, just in time for the historically significant October 29, which was Black Tuesday in 1929.
Gotta say I told you so.
After the markets bounced 9% in 1 day, a few people mocked me when I wrote this post the other day on capitulation, saying there was no market crash…yet…saying I’d talked my subscribers out of the greatest rebound in history.
Those people will soon be broke, so too their subscribers.
In short, I may be young, but I’ve had no life for nearly a decade as I spent time reading up on market history. Most people in this joke of a business spent time reading their firms’ marketing materials and pushing that on people.
Guess which is the right way to go?
I suggest you take advantage of my decade of research and invest in my educational products
so you can understand even the slightest bit of what I know.
There is no watchlist today because there’s going to be tons and tons of opportunities for us if we stay liquid in cash—cash is king.
I will point out that APWR was down nicely yesterday—after some initial strength which scared a lot of people like me out of the trade, still I got a dozen TIMalert subscriber testimonials.
When I shorted RBCAA yesterday at $23.55 based on Citron’s fraud report, I got some crap from people saying it wasn’t my typical trade—and it wasn’t. But Citron has followers and even though I got squeezed at $24.45ish for a $280 loss, by the time I sent out the alert that I’d covered, Citron had sent out their fraud report to their subscribers, pushing the stock down $2/share before the market close, dozens of TIMalert subscribers banked (detailed post this weekend). Sure, it was a weird trade, but for the majority of you, you made $…and right now the stock looks to open around $20!
So remember my only piece of advice today is to stay liquid and expect the worst—sure, you might miss a rally or two, maybe even “the greatest rally in history”, but unless we go green in a big way by the end of the day, looking unlikely now, but again, anything is possible, it looks like we test support/crack Dow 7,500, which would blow through all kinds of support levels dating back to 2002.
Die dumb money, die.
Tags: Potential Plays
