VRA Letter: 36 Year Anniversary of Black Monday. Tesla Earnings, FDS Update. X1 Zoom Today. Lost Soldier Oil and Gas; Wyoming Trip and New Video.
 
October 18, 2023

Good Thursday morning. Yesterdays trading forces me to take back most everything positive I said from Tuesdays trading. Weak internals, weak smart money hour, with semis/tech leading the market lower. While this has little impact on our (highly) bullish views, it’s also not a pattern that we want to see become a repeating pattern. We’re still in October, which is both crash month and the month that provides our best buying opportunities. Today is the 36th anniversary of the 1987 crash, which to this day remains our worst trading day in history, with a decline of 22.6%.

I’d been a financial advisor for two years when Black Monday happened. I’ve told this story often over the last 38 years so I’ll keep it brief. I stayed close to my first mentor Ted Parsons that day as we watched the waterfall collapse take pl...