McCullough: Don't Freak Out, Just Buy the Damn Dip

01/19/21 11:24AM EST

McCullough: Don't Freak Out, Just Buy the Damn Dip - dd

Good morning #Quad2...

We had a Dollar up week, but now this morning the Dollar is already down a full -0.5% versus the Euro, which is a big move off the top end of the range.

This will get you paid if you shorted more Dollars, when? When they were up on Friday.

McCullough: Don't Freak Out, Just Buy the Damn Dip - hhh

Were you freaking out because of whatever was happening politically or viscerally? No you weren’t; you were buying the damn dip in things which are inversely correlated to the Dollar, which would include Bitcoin.

McCullough: Don't Freak Out, Just Buy the Damn Dip - bit

Look at Bitcoin flying higher this morning. Don’t forget that for the people who don’t know that, they don’t know that Bitcoin corrected last week -9.4% because, of course, the Dollar was up. 

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