“Go with Gov’t kid … more money & they never go to jail!”
Another fun filled week on the docket, half the world taking vacation and the
other half wanting to, but again I’m afraid markets will be buffeted by
politicians opening pie holes, enriching those “in the know”, and leaving many
standing at the train station. We’ll see, but notice markets do absolutely
nothing in terms of price now, when Pols are silent … “even if there were such
a thing as “fun-der-mentals”, they’re gone now … as important as your annual
Santa’s wish list and just as effective … in its place is simply a “policy initiative”,
where a group of Apparatchik Elites want government at some level to initiate or
protect 1) stock prices, 2) suppression of gold, 3) complete control over FX, and
4) manipulation of interest rates … all in the name of “public good”
Some days the tide rolls in and they back away, cuz they know they can’t
completely stop a mini meltdown on unspinable bad news … prices seem to go
south quickly … not to fear, the “Plunge Protection Team” [PPT] and other
central banks, most notably the Swiss National Bank [SNB], are there to
manipulate price higher AFTER the selling and punish the hell out of the
short sellers, and return OZ back to normal … “just don’t go trying to look
behind the curtain, OK”? And of course, no operation would be complete
without the scumbag TBTF LP banks front running the PPT & SNB and
gobbling up some free loot for the effort.
Someday, this shit ends … what can’t be sustained won’t … it will be
interesting to see who gets the blame when SHTF and the major U.S. indices
are all down more than 50% someday … there always has to be a “fall guy”.
Turning to today’s NDX100 market … “this is a complete joke of a trading day
… muppets keep buying stocks … well, cuz the day ends in “Y” I think … other
than that, here at Noon NY time, the NDX100 has seen about a 30 something
point range … back & forth stop hunts, and of course the usual gaggle of mystery
ticks on the chart as the scumbag LP banks look for retail spec booty to claim for
their very own … disgusting, but whaddaya gonna do”? The SP500 market so
manipulated by the PPT & SNB, it sits for minutes at the high bid for the day
with no trading … traders unwilling to trade it with their large bids beneath
the market … welcome to modern day “Joseph Goebbels finance”.
Volume & liquidity today an absolute “nothing burger” … quite frankly, on
days like today, which are overtly manipulated and being driven around by the
PPT & SNB, to name just a few, it’s impossible to know when they back away
from the bids and let price fall … and then go back to their manipulative bids
… all for the public’s protection and welfare of course … “it’s for the children,
Only one trade today … PAMM up half way to 0.1%.
Bought near the open and then sold the first rally … since that time, it’s been
nothing short of a very slow manipulative crawl upward, with a subpar range
and zero liquidity & volume. That the “Ministry of Truth & Propaganda 500”,
a/k/a/ the SP500 is dragged higher, having a big affect on slowly seeing the
NDX100 go slightly up as well. I’d be lying if I told you I’m comfortable being
long up here at nosebleed levels above 7400 in the index … up and until it can
go above 7455 and stay there, it looks like “double top” territory with some
severe downside projected … don’t know, of course, but it takes hours to rally
this crap and seconds to bring it down, and I have no intention of getting
“monkey hammered” in a long position.
With an hour to go to the close, this is truly pathetic … yea, I know it’s August,
but the nature of trading today has nothing to do with actual “trading” … it’s
all about the manipulation … when they show up, when they leave, and when
they back away cuz they know if they don’t they’re gonna get their bids hit
… that’s what markets have become. I wouldn’t be surprised if the indices
went up every single day to the election in November! [Well, actually I would]
Up some today, and it’s these slow days where if the index moves slightly
higher, the PAMM most likely will under perform the index … no matter, cuz
unless it plans on never going lower again, the PAMM will outperform the
NDX100 over time WITHOUT the risk. I’m more than happy to leave this
crap alone with conditions being slow and subpar, cuz like I said before, it
takes hours to rally, only seconds to break … get caught in this, and it’s
literally “mission impossible” to make the ticks back without doing
So, onto tomorrow, where we’ll see what new manipulations the PPT & SNB
have in store for the “tulips” that are known as U.S. stock indices … and with
that, I’m outta here … until tomorrow mi amigos … Onward & Upward!!
PAMM Spreadsheet directly below.
Have a great day everybody!!
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