Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

Remember the time when’s Mike Saylor told me on @HedgeyeTV that “Keith, you need to believe in something man.” And I replied. “I do. I believe in Hedgeye.”

And if you believe anything in markets, believe it when the price of something hits HIGHER-HIGHS in a Bull Market (US Dollars this morning) or LOWER-LOWS in a Bear Market (Saylor’s beloved Bitcoin at $18,766).

Why? I warned him. A: QUAD FOUR.

CHART OF THE DAY: Drawdown & Crash Math - bx1