Well it’s over - bear market territory
We had a great run, but that was all over in a flash yesterday
I’m personally being forced to sell my house… aw my year to date returns are now at negative 90%
At least… that’s what you would think if the Wall Street Journal is to be believed
Yes, Friday was crap.
WORST DAY SINCE [insert last worst day here] headlines abound…
CAT was down a whopping 3.8%
(It’s up 159% in the past 12 months)
Micron, my crown jewel… the name of my future child… down 13%…
(Up 736% in the past 12 months)
Interest rates fears… AI capex trade is slowing down… private credit market is collapsing…
Take your pick about which one we’re blaming this time.
We’ve even got the peanut gallery citing crashes from the mid 1870s as evidence that one is “long overvue”
Yes, the notoriously stable 1870s when insider trading was legal and brokers routinely ripped off their own customers… very akin in 2026.
All of this?
Designed to make you panic.
This is the third day of this kind this year alone… and about the 7th since the start of 2025.
And yet companies keep posting better and better results.
Plus we’ve got literally the biggest IPO in history in the coming weeks…
So I’ll hold off on the hyperbole for the time being
Ironically one major stock I had my eye on… which is moving firmly into bargain territory… was actually up yesterday…
Watch this space…
Oliver