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.

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