So crazy that many are surprised at the price action given the years of higher prices we have seen in the markets! They forget that the ride down is much quicker than the grind higher. As institutions continue to delever retail investors are being caught in discount shopping but the floor will fall beneath them. Still a ways to go before I consider stepping back in. I have now liquidated all positions, even the shorts to enjoy the rest of the year and work on some general asset allocations I am considering...

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