I’ve been wanting to short $SPCX for a while. I always think I should wait for a rebound, then I’ll short. But he never rebounds—he’s been falling nonstop, from 162 all the way down. Even when it hit 152, it didn’t rebound either, and then it kept dropping—until it reached 146, and then it just dropped straight down. Basically, anyone who bought spcx and entered at the open should be stuck; those who didn’t probably got trapped.

Last night, while they were eating, they were still discussing how $CRCL should be due to rise. Today it’s still falling. It looks like the rise in oil prices has had a big impact on capital flowing into the US stock market—after all, the overall outlook doesn’t look great.