Is It Time To Panic?

Good morning everyone…

The panic story that is starting to take shape right now is this…

2008 had ONE crisis. A housing collapse.

2026 has THREE running simultaneously:
→ A private credit implosion
→ A war shutting down global energy
→ A bond market that can't absorb the shock

If it can be elaborated and shared on social media, which it is, it is getting priced into the market.

The question is how widely and of course is this even right?

I have long said, if you must panic, panic first. I do not think we are at a buying point like last April during the one man tariff bear market. At the time, I shared that it was a good idea to be buying stocks.

It was exactly six years ago (and a couple days) that I decided to kill my extra COVID lockdown time to start ‘panic With Friends’. I was urging people that the panic would be one of the best times in their life to buy stocks.

I was right and we had a heck of a run.

I joked with Jim O’Shaughnessy in the comments that it was time to start a new show…

‘Kvetching with even older friends about oil, inflation and corruption’!

Back to now…on Stocktwits (you can track this on the homepage of the site), the community fear is rising, but I am not sure if a big spike is coming that will washout the markets…

My degenerate economy index cash position has climbed to 30 percent in cash the last few months its highest ever as I have been stopped out of stocks. It is hard to find new ideas that fit my degenerate economy thesis. That will change if stocks keep coming down or if stocks firm and new leader emerge.

I think defense is more in order right now than offense.

I hope this helps a little…