Thread by @trengriffin

1/ My strategy is to "not sell the dip"-- but you be you tho.

2/ "The market sell-off that escalated overnight we believe is primarily driven by technical selling flows (CTAs and option hedgers) in an environment of poor liquidity, and overreaction of discretionary traders to perceived risks. Our thesis: buy the dip.”bloomberg.com/news/articles/…

3/ "The upbeat view contrasts with Morgan Stanley’s Mike Wilson, whose worst case called for the S&P 500 to plunge more than 20% from its peak, a scenario that the strategist says looks more possible."

4/ "Ice, the more likely of the two outcomes, they said, would be "destructive" as it would translate to a 20% correction in the S&P 500, whereas Fire would only lead to a "modest and healthy" 10% correction."

"Healthy" tho. Like a good breakfast!

bloomberg.com/news/articles/…

"I think it’s highly likely that the people who confidently think they know the future – none of whom predicted the present – now they know what’s going to happen next? Again, the witch doctors. You ask me what’s going to happen? Hell, I don’t know what’s going to happen."

6/ "People have always had a craving to have someone tell them the future. There’s always been a market for people who pretend to know the future. Listening to today’s forecasters is just as crazy as when the king hired the guy to look at the sheep guts." news.google.com/articles/CAIiE…