Really happy to have inspired you to write so much here. And thanks for sharing!

I agree with much of what you said, though "capitulation" to me is psych vocabulary (ok, you can call it psychobabble if u want!) that helps us to understand our emotions better. When we are going through it, we need to understand that emotion and put a name on it so we can remember it... And use THAT to be a better investor!

I don't think we'll ever know why this knife is falling right now, though the fact that it's a holiday weekend, that other markets all around the world are weakening - oil, non-USD fiat, stock markets everywhere, etc., and also I still think old CSW is up to something - he won't just go that soundly into this sweet night. All that and more seem like decent reasons for us to be down a lot. But in the end, who knows? And it doesn't matter, in the long run at least.

It'll be a helluva case study one way or another!