So my nightmare over the weekend came true, only 3 times as bad. S&P down 6.66%, Dow down 634 points, Russel down 8.91%, XLF down, with BAC down over 20%. Get the picture? All this, thanks to S&P’s downgrade of the US credit rating from AAA to AA+. Obama even make an effort to speak at 2 pm, only to have the Dow drop another 150 points. This is a crash. Throw TA out of the window.
My AONE made a major drag on my account, down over 23% today alone. I’m going to start dumping it. I have just 150 shares of SPXU and 200 SDS left which I’m holding dear to my heart. No more scaling out.
PPS. Oh, here’s the nice big red S&P HeatMap, courtesy of finviz.com
Portfolio Value: $129,800