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The past seven trading days have been absolutely historic. Never in our lifetimes, or the lifetimes of our parents, has anything like this happened before. It’s honestly incredible.

Yes, there are reasons the markets should rally, and perhaps do so immediately. But……….and this is a big but………..in my opinion (which has been pretty damned priceless lately), if for some reason Ethereum (ETH-X) beaks $1,000 or Bitcoin (BITCOMP) breaks $20,000, I think you’re going to see a total washout across the asset spectrum.

Why? For the same reasons I’ve been citing all year: ANIMAL SPIRITS. Some of you didn’t believe me before, but just like I predicted, the moment $ETH broke $1705, all holy hell broke loose across the entire financial world.

You want a meaningful recovery? Easy. Have $ETH climb its way back to $1700. I abso-f*cking-lutely guarantee stocks will go right along for the ride.

But break $1,000? My whining about not being shorter (and the value of the Atilla F*ck-up in my spreadsheet) will be worse than ever.