Submitted by QTR's Fringe Finance

If you've been a long-time follower of mine, you know that I've consistently made two points over the last 10 years. First, technical analysis doesn't mean shit—it's a backward-looking tool that has limited use in predicting the future. Second, I've often said that some days you wake up and everything is just different than it was the day before.

Today made both points. Along these lines, I didn't see too many technical analysts, CNBC guests, or sell-side dildos predicting what would happen today—when the market erased essentially an entire month of gains in eight trading hours. It was the old adage of "stocks taking the stairs up and the elevator down" in practice.

My subscribers know that I've been writing about how precarious this market is—more aggressively over the last few months—noting massive looming problems in subprime auto, private credit, commercial real estate, and overvalued tech stocks: "End Of Empire Feel": QTR On Bitcoin News

That's to say nothing of what could be a $2 trillion bubble in crypto. I've laid these thoughts out in a series of podcasts and articles, some of which I'll list here for your convenience:

"End Of Empire Feel": QTR On Bitcoin News

Course Correcting Heading Into 2026

The Jenga Tower Economy Is Starting To Topple

Economic Endgame Explained In 2 Minutes

Prepare For New Gold Highs (Just Don't Dance)

The Job Market Just Said "Game Over"

Fragile Investors, Fragile Markets: QTR With Michelle Makori

Your Weekly Reminder Markets Are Pornographically Overvalued

75 Critical U.S. Public Companies

Crypto Will Cause The Next Trillon Dollar Crash

QTR With Dan Ferris: The Game Is Rigged & Everyone's Lying. Still.

Is Bitcoin Too Deep In The Fabric Of The U.S. Financial System?

Berkshire's Next Buy?

What I Bought During Powell's Press Conference Crash

Investing Like A Psychopath: A Fond Reflection

The Fed's FAFO Moment Is Here

On Crashing In The Absence Of An Actual Market

Gold Hits $3,400 Because Everything Is Awesome...Except Literally Everything

Why Gold At $10,000 Is Possible

Our Empire Is Collapsing

The Passive Bid Crash Awaits