The Phoenix has surely shown its power now.
Having been chained and repressed for years and years,
Drugged and abused by the Dark Wizards
As if the free markets were some child's toy plane
Never requiring fuel or maintenance.
No, reality has struck these wizards fully in the face
Hopefully they grow wiser one day
And realize that they are not gods.
For the poor souls
Without a clue as to what just happened
Have lost a great deal of wealth
Yet I doubt the Phoenix's wrath is at its end yet.
-----
Never in history have we seen so much market devastation in such a short time.
Everybody is calling for a bottom, but I am convinced that the Phoenix is not quite done its work yet.
As sad as this may seem,
I believe it will continue its work until every single bull cries mercy and says,
"Never again shall I play in this market"
Then it will go back to rest for sometime
And leave the bears for the retaliation slaughter.
Thus is both the danger and thrill of this game of wealth.
None are truly safe
Technicals:
Bearish sentiment has risen, but is *far* below the highs of the Feb and Dec 2018 lows.
Therefore, I believe VIX will shock all and rise to about 115 before finally receding some,
Then it shall come again, just as the world begins to breathe a sigh of relief.
Please stay safe and good luck to those attempting to short the market.
Having been chained and repressed for years and years,
Drugged and abused by the Dark Wizards
As if the free markets were some child's toy plane
Never requiring fuel or maintenance.
No, reality has struck these wizards fully in the face
Hopefully they grow wiser one day
And realize that they are not gods.
For the poor souls
Without a clue as to what just happened
Have lost a great deal of wealth
Yet I doubt the Phoenix's wrath is at its end yet.
-----
Never in history have we seen so much market devastation in such a short time.
Everybody is calling for a bottom, but I am convinced that the Phoenix is not quite done its work yet.
As sad as this may seem,
I believe it will continue its work until every single bull cries mercy and says,
"Never again shall I play in this market"
Then it will go back to rest for sometime
And leave the bears for the retaliation slaughter.
Thus is both the danger and thrill of this game of wealth.
None are truly safe
Technicals:
Bearish sentiment has risen, but is *far* below the highs of the Feb and Dec 2018 lows.
Therefore, I believe VIX will shock all and rise to about 115 before finally receding some,
Then it shall come again, just as the world begins to breathe a sigh of relief.
Please stay safe and good luck to those attempting to short the market.