60 Comments
User's avatar
Dan's avatar

I wonder if they’ll use this big sell off as an excuse to cut interest rates at the fed meeting next week

Expand full comment
Matt Endicott's avatar

Maybe not next week, but it's coming for sure. Bessent has 9 trillion that has to be rolled over and at the current rates it will be very expensive so the US Govt is the greatest benefactor of lower rates this time around. Expect inflation to hit 6% before the end of the year. 36 trillion of debt has consequences. Unfortunately people literally die in recessions, but there's no way out. Fake Fed managing 36T of debt has reached Mr. Mannarino's law of diminishing returns. Will Trump's plan of lowering regulations and using tariffs to bring jobs back to the US work? Seriously doubt it in the time he has left. Took years to get here and will take years to get back if ever. I went to consumer staples and short qqq etf's. Even my boring companies are now struggling. T and VZ still in the black.

Expand full comment
Aj's avatar

Of course they will. However, even a 50 basis point cut is “too little too late” to prop up the stonk market.

Expand full comment
Poisoned's avatar

an excuse or their reason?

Expand full comment
Ol Hickory's avatar

The dollars fucked, stocks are fucked. I like crypto but unfortunately it’s still correlated with the Nasdaq. Seems like gold and silver will be the only assets left standing.

Expand full comment
Robert R's avatar

I agree 100%

Expand full comment
mark Cle's avatar

gold will tank too - it is usually the last to fall

Expand full comment
Ol Hickory's avatar

The dollar is usually strengthening when that happens but it’s weak right now

Expand full comment
Kevin's avatar

Picked up my gold this morning at my LCD. As I left i developed a severe case of "Peace of Mind."

There is no cure except to buy more later in the week.

Expand full comment
Robert R's avatar

5500 is the critical level to maintain. I'm betting we pull back further.

Expand full comment
Jay Blue's avatar

I had it in my trading notes that 5655 was a critical support level from JUL and AUG 2024, that if we broke below that, we're headed much lower. I don't know where the bottom is, but we're seeing the "much lower."

Expand full comment
Kevin's avatar

What we expected, Way to go Trump and Muskrat, wrecking our country and world with all the ex. orders and crazy tariffs, he doesn't know what he's doing for sure, thinks he does, the whole country and world are wondering why he's a big wrecking ball.

Expand full comment
John Drop's avatar

Keep us posted, please.

Expand full comment
SquigleDog7's avatar

You called it Greg - as soon as the bonuses were paid out to Wall Street and Big Pharma it is now rug pull time. Pump and Dump of epic proportions. But the MMRI is not spiking which suggests this is a repositioning by the whales.

Expand full comment
Dean Capinegro's avatar

Looking for 4,800

Expand full comment
Aj's avatar

Forget about buying the dip. Time to liquidate and lock in your losses for now. The stonk market has much further to fall from here.

Expand full comment
Brooks Goodnight's avatar

This is terrible advice. At least wait for a rally. Suckers sell at the lows.

Expand full comment
Paula's avatar

I hope you are right. I'm still holding out....

Expand full comment
Aj's avatar
Mar 10Edited

I’m old enough to remember stonks moving sideways for 10 years. Case in point, the NEKKEI 225 index moved sideways for 35 years from 1989 to 2024.

Expand full comment
Ed Koller's avatar

It was bound to happen, the market been overvalued for a very long time. Rigged along with the Gold and silver markets/ Ed K

Expand full comment
Digital Grave Digga's avatar

Yep a controlled demolition to roll out QE and Zirp! The Elite are foaming at the mouth!

Expand full comment
MoodyP's avatar

True. But it won’t matter.

Expand full comment
stinky's avatar

Greg, what are your odds that this happens?

Expand full comment
Tony Nobaloney's avatar

What happened to all the free money?

The 10 yr is falling into a pile of dung.

Expand full comment
Robert R's avatar

Good call Jay. I appreciate this. Yes calling bottoms are hard. I agree with you we are headed much lower for sure.

Expand full comment
Andy's avatar

The BIG MONEY right now is driving down Bitcoin. US banks want in just not ready yet

big ass companies want in on Bitcoin and small countries thru out the world want in. They want the small investors to sell off. Hold on to your BTC for a wild ride . I have been in Btc since 2019.

Expand full comment
Andy's avatar

Everyone has a right to their own opinion with cryptos. I personally have made $ with cryptos especially BTC. And will continue to make $ off crypto. Michael Saylor is a multi billionaire and made his $ off BTC.

Expand full comment
BooBoo's avatar

Bitcoin is a scam it does not exist it is all fake...

Expand full comment
BooBoo's avatar

In 2023, the Federal Bureau of Investigation (FBI) Internet Crime Complaint Center (IC3) received more than 69,000 complaints from the public regarding financial fraud involving the use of cryptocurrency, such as bitcoin, ether, or tether. Estimated losses with a nexus to cryptocurrency totaled more than $5.6 billion.Sep 9, 2024

Expand full comment
Andy's avatar

And you believe what the news media tells you. Thar just made me laugh. Have a great day.

Expand full comment
BooBoo's avatar

And you believe that the US banks want in just not ready yet. Thar just made me laugh. Have a great day.

Expand full comment
Poisoned's avatar

Sometime soon would be a good time for that plunge protection team to act. Or are they gonna wait till 5200

Expand full comment
Poisoned's avatar

Don’t expect Trump and Powell to bail out investors as stocks near ‘danger zone’ hahahah mmmmk MarketWatch

Expand full comment