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Look, it was another miserable week.

Four weeks since the war started, and it's been pretty darn waffled. Sadly, for the Bulls, the history of oil shocks is littered with bare markets.

20% drawdowns to say raise cash because it's almost never too late to sell something to protect

yourself. Today was more of the same.

Dowell-tumbling 7 or 90-3-4-7% as a big plunging 1.67% NASDAQ plummeting 2.15%.

It's a tough, rough road. My trust is the highest cash position I can recall. But you know what?

It is never enough when you have horrendous action like this. It's almost impossible to predict what will happen in the war with Iran. We've got to stop trying to do that. Right now, the one thing that's been consistently right is to buy oil stocks. Every time, every time they're down, every time they're up. It just doesn't matter because crude is headed higher. That means stocks are headed lower. It's one for one. Please don't overthink. Yet I say that on letter X all the time. Hey, oil's down. Stocks will be down. And they are. And it was another week when it paid to get out of anything in tech. That used to be good. The stocks, the companies are still good, but not the stocks. They're all bad now, including the once loved now disliked

Nvidia, just when we get her showed you its best in show greatness in GTC. I'm owning, I'm not trading it, but I know it's going lower. I mean, look, people want oil stocks. They don't mind the soda stocks, any farm of stock. And I got to tell you, they like the oil drillers. I mean, that's really it. Tech, nothing. Especially in Vita, especially the really despised Microsoft. These are two of the greatest performers of all time, and they haven't been able to what we call catch bid and what feels like ages. Until oil and interest rates, don't forget those, stop going higher, it really doesn't matter what those companies say or do. They are not going to get loved from institutions and individuals, and I think they're beginning to realize that. So is there any hope in your term? I mean, maybe there is. What we've got to do? We've got to go to the game plan for next week to figure this one out. Now, these days, Mondays revolve entirely around the war and ratcheting up in tension.

We know that our president said there would be an extension of a bombing pause, but there's still hostilities, which to me means that oil goes higher.

And when oil goes higher, we know that the stock market goes lower.

I keep repeating that because I want people to be really understanding of what's driving the market down.

It's gotten axiomatic, and I don't think it can change because the standard of her moves

is still closed.

And Iran's missile and drone infrastructure is intact enough to keep it closed, even as we

thought that wouldn't be the case by now.

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