There are forces at work here that many do not respect…

It is okay to admit when you don’t have an edge.

It is okay to say that you simply have no idea what’s happening next.

It is okay to sit out the possibility of an oversold bounce or a big snapback rally.

It is okay to shut down the trading software and shut your mouth.

There are forces at work here that many do not respect.  There is “unprecedented” and then there is this, whatever the hell this turns out to be.

You have a trading plan for bank runs?  For the spontaneous dissolution of the world’s largest economy?  Congratulations on that, you’re the only one.

I understand that sentiment is so bad that literally any positive news will mean a sharp spike in the markets.  But so what?

And what happens after?  Why does anyone think that this spike will be sustainable in the absence of actual improvement on the China/Europe/US employment front?  Why would anyone other than the most nimble traders be worried about missing it?

And also, it can always get worse.

Respect the fact that we have no idea how far this can go before it has “gone too far”.  Respect the fact that once again, there is no leadership, no Man Behind the Curtain and that even the best and brightest and most connected and well-read are themselves grasping at straws here.

There is no solution, only a choice of what may be the least bad.  There is no consensus, no one alive has ever seen anything like this.

I opt not to try to be cute here.  I opt to look and listen and bide my time.

Sometimes there simply is no trade.  I believe this is one of those times.

Read Also:

How Much Further Can Financial Stocks Fall? (Zero Hedge)








This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. taxi from cheltenham to birmingham airport commented on Sep 17

    … [Trackback]

    […] There you can find 98755 additional Info on that Topic: […]

  2. online tutoring services commented on Sep 20

    … [Trackback]

    […] Info on that Topic: […]

  3. used suvs commented on Sep 23

    … [Trackback]

    […] Read More on on that Topic: […]

  4. Sex commented on Oct 29

    … [Trackback]

    […] Read More here on that Topic: […]

  5. devops services commented on Nov 18

    … [Trackback]

    […] Find More Information here to that Topic: […]

  6. Research commented on Jan 06

    … [Trackback]

    […] Find More here to that Topic: […]

  7. tangerine business account log-in commented on Jan 13

    … [Trackback]

    […] Find More to that Topic: […]

  8. replique rolex commented on Jan 14

    … [Trackback]

    […] Read More Info here on that Topic: […]

  9. Digital Transformation commented on Jan 16

    … [Trackback]

    […] Info to that Topic: […]

  10. bmo mastercard online commented on Jan 17

    … [Trackback]

    […] Info to that Topic: […]

  11. rolex replika commented on Jan 19

    … [Trackback]

    […] Read More on on that Topic: […]

  12. cibc login canada commented on Jan 27

    … [Trackback]

    […] There you will find 92711 additional Information to that Topic: […]