Getting Closer

  • The VIX closed at 36.22. We are getting closer to other major panic points but are not quite there yet. I will continue to err on the side of caution until then.
  • I have been saying for weeks that in a Bear Market it pays to err on the side of caution. If you got caught in this, remember the lesson.
  • I learned this lesson before, the only way I know how, the hard way.
  • The market can stay irrational longer than you can stay solvent.
  • Have a good night.

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