No Words 🙊

Tale of the Tape

Good evening, folks. We hope you are all staying safe and healthy.

Last Thursday, the S&P 500 dropped 9.5% and then on Friday, it rebounded right back to make up most of that big loss. All-day, we were watching that Thursday close of 2480 and, sure enough, we took it out with a vengeance.

Regardless, today was the worst day for stocks since 1987. And the second-worst % loss in history for the Dow Jones Industrial Average. Geez.

Nobody knows where the bottom is folks, but we do know where our sleeping point is (see below).

Stay safe out there.

S&P 500	2,386	-11.98%
Nasdaq	6,904	-12.32%
Russell 2000	1,037	-14.27%
Dow Jones	20,188	-12.93%

The major indices are all down close to or more than 30% from their all-time high closes. The Russell 2000 is approaching – 40% 🤢

Livermore – “Selling Down to a Sleeping Point”

While the insanity continues, we’ve noticed some on the stream mention they’ve been having difficulty sleeping. It reminded us of this classic quote:

If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level. – Jesse Livermore

Take heed.

Quarantine Sports Special!

Since all sports have been canceled, here’s the Men’s Snowboarding Slopestyle Finals at the Burton US Open. It was a great event and you probably don’t know the results.

Think of it as a live event and enjoy!