RE:Why so ugly today?Humble guess only: The Safe banking act, although passing in the house (as it has previously in other iterations), is not necessarily a shoe-in in the Senate, which still is greatly influenced by *itch McConnell. The other issue is that smug, over-reaching Schumer may attempt to piggy-back the Safe Act with the More act which I'm guessing would cause both to fail, as many Repubs blindly follow the old turd McConnel, and 60% is required. The market hates uncertainty, and there is lots right now. Dems should simply put the Safe Act in Senate by itself for a better chance at success.
the good news is the short interest has waned greatly-well under 20% the last few trading days--so it's likely we've hit bottom, other than whatever algos, weak hands, or cycling money are working against us.
But remember, we're in it for the long term. Just picked up more 2022 call options--yes, I'm that certain.
Brightsand wrote:
EOM