Wha wha what?
Can it be?
Is it true?
Are stocks truly … falling this morning?
Even after the ‘good’ (hahahaha) numbers out of China?
Even after that rally in the overnight trade that made you feel like a kitten sleeping in front of a large window on a sunny day?
Yes stocks are down! As we have been bearish for the last month, we are quite comfortable with this particular situation. With a worldwide supply glut of oil, hey … why not bring Iranian crude back online? Right? Why not drive every hopeful, over-leveraged oil start-up in the Western hemisphere completely out of business?
Stocks are down.
Until they are not.
At which point, I’ll be buying them from the hands of optimists whose souls were crushed by a measily 10% pullback … or 20% pullback, or whatever it ends up being. I could really care less.