Awesome Stocks

[bigworld]

gfp; I hope you sold late yesterday. Today has been a disaster for the equity markets. Nasdaq down 5% !! Meanwhile TBT is up another 7% today. The yield on the 10-year is 3.07% as I write this. Interest rates have a lot more room to rise. I figure the 10 yr will get up to 5% or so before the Fed backs off. That should be enough to trigger a pretty nasty recession and at least a 50% additional loss on the equity side. People with 60/40 portfolios are getting mauled. Gold and silver aren't doing too much, but they are the things staying flat-ish while everything else is getting creamed. Such a tough market to trade. It paralyzes me from going more heavily short. We hit support levels and never seem to penetrate them to the downside. Just when I think it's time to buy some put options we get a relief rally. I sleep pretty well being 95% invested in hard assets or the producers of hard assets. The investors in those previous high flyers like Kathie Woods' ARK Innovation Fund must be panic selling by now. They're down 60 or 70% already.