That didn't work out so well, looks like politics got the better out of it, should have known better.
Im not so sure that politics has much to do with it, if we had still been in a strong bull market the Market would shrugged off the news from Ukraine and blasted higher regardless. “Not even a world war can keep the stock market from being a bull market when conditions are bullish" -- Jesse Livermore
I thought Jesse was near a perfect man but obviously he made mistakes... Livermore was married three times and had two children. He married his first wife, Netit (Nettie) Jordan, of Indianapolis, at the age of 23 in October 1900. They had only known each other a few weeks before they got married. Less than a year later, he went broke after some bad trades; for a new stake, he asked her to pawn the substantial collection of jewelry he had bought her, but she refused, permanently damaging their relationship. They separated soon thereafter and finally divorced in October 1917. On December 2, 1918, at the age of 40, Livermore married 22–23-year-old Dorothea (Dorothy) Fox Wendt, a former Ziegfeld girl in Ziegfeld Follies. Livermore had affairs with several of the dancers. The couple had two sons: Jesse Livermore II, born in 1919 and Paul, born in 1922. He then bought an expensive house in Great Neck and let his wife spend as much as she wanted on the furnishings. In 1927, he and his wife were robbed at gunpoint in their home. The relationship became strained by Dorothy's drinking habits, Livermore's affairs with other Ziegfeld girls, and their lavish spending. In 1931, Dorothy Livermore filed for divorce and took up temporary residence in Reno, Nevada, with her new lover, James Walter Longcope. On September 16, 1932, the divorce was granted and she immediately married her boyfriend. She retained custody of their two sons and received a $10 million settlement. Dorothy sold the house in Great Neck, on which Livermore spent $3.5 million, for $222,000. The house was then torn down, depressing Livermore. On March 28, 1933 Livermore, now 56, married 38-year-old singer and socialite Harriet Metz Noble in Geneva, Illinois. They had met in 1931 in Vienna, where Metz Noble was performing and Livermore was in the audience on vacation. Metz Noble was from a prominent Omaha family that had made a fortune in breweries. Livermore was Metz Noble's fifth husband; at least two of Metz's previous husbands had committed suicide, including Warren Noble, who hanged himself after the Wall Street Crash of 1929. Adult film performer and erotic content entrepreneur Brandi Love (b. Tracey Lynn Livermore) is his great granddaughter.
only 25% of SPX stocks closed above there 50 day MA today. Tells me we are close to a tradable bounce. But as you said, it likely won’t last long. Amazon breaking all support on heavy institutional selling after a double top is a bad signal.
Those fake rallies hurt day traders a lot. Very classic risk-off trades. Those bubbles have no place to hide.