Monday, August 24, 2015
Here's how stupid people are
QQQ as of:
Look at the Bollingers.
QQQ was puked down nine standard deviations this morning.
I blame Josh Brown for saying we'd see another 1929, and Henry Blodget for saying stocks would drop 50%.
Seriously. There was no fundamental reason for that -9SD collapse. There was only the fearmongering of the clickwhore press. For those suckers who puked at the open, I strongly suggest you seek out Josh Brown and Henry Blodget, and explain in Anglo-Saxon terms (both linguistic and, as legally as possible, behavioural) your displeasure.