CRYPTO TICKER

powered by Coinlib

Monday, August 13, 2018

THE WORLD BURNS MORE … UNEXPECTEDLY … (AGAIN)

“How the world’s elites solve problems!”

Well, that escalated quickly didn’t it? … one day Turkey is fine, and then 
poof!, it ain’t … and suddenly Europe & TBTF banks everywhere are seeing 
capital evaporate before their eyes … and when your currency depreciates 
over 40% since the start of the year, about 8 months ago, and they owe you 
money in dollars, but only got Turkish Lira, now it’s not only they who have 
the problem, but you got a bigger one. “But no worries, just buy MOAR 
“FAANG” stocks, cuz as we all know, they’re wonderful and impervious to 
decline, cuz shut up … ‘till they go down more in 2 hours than it took to go 
higher in 8 months … but hey, you gotta believe, right”?

Add to that, yesterday, I go to update everything, and proof positive the world 
is ending, I got computer problems, internet problems, problem problems, and 
the dog is on my donkey cuz we ran out of ‘beggin’ strips’, “and what R U 
gonna do about it”? Fortunately, everything got back to normal by late 
evening, except the dog who has a very long memory and refuses to believe it 
wasn’t some international conspiracy and now is pouting in the corner 
“I’m being punished, don’tchaknow”?

Meanwhile, we start another week of trading in the dullest month of the year 
… trading desks filled with the “C Team” [freshly minted indoctrinated 
MBA’s from credentialed university’s who don’t know shit] while their bosses 
lounge around the Hamptons partying … “call me if the world blows up or the 
building collapses, otherwise if you call you’ll be working at WalMart in 
Arkansas when I get back”. And so, the world’s financial centers hum along 
like they always do at this time of year.

But, world equity markets are considerably “stretched” at this juncture … if 
the NDX100 were at 5,000 instead of 7400, for instance, and valuations not in 
the “tulip” world, maybe you could justify buying & holding … but as we saw 
last week, the EM [Emerging Markets] ETF’s, ETN’s, & dedicated mutual 
funds got slaughtered … more importantly, liquidity evaporated and there 
wasn’t even a market at one point on Friday during the Turkish Lira’s 
ascension over 7:1 versus the U.S. Dollar … substitute NDX100 or SP500 into 
the “EM Equation”, and you get a very crystal clear picture of what’s ahead of 
you at some point in the future … TRANSLATION: “When everybody tries to 
get out of hundreds of billions or even trillions of dollars of passive investments, 
and looks to find a buyer, who’s gonna be there to take the other side? Cuz this 
last week’s EM bloodbath will look like light profit taking compared to what’s in 
store … and if you get caught in it, you’re money is toast … add to that the 
burying of the bond scandal by the financial MSM in Switzerland that I wrote 
about in a prior blog, and you see quite plainly, nothing has any value 
whatsoever when the world comes to “sell, Mortimer, sell!”, and how events 
quickly deteriorate at the speed of light when SHTF”!

Turning to today’s NDX100 market … pre market ramp, cuz nothing says 
buy MOAR than a good old fashioned currency crisis and world economy that 
is diving to a depression … and lo & behold, here comes the “pastor to be 
released soon” rumors out of Turkey, flying hot off the “totally reliable”  
[snark snark] Twitter,  floated just in the nick of time to screw shorts, ramp 
the SP500 & NDX100, and give the Goebbels public relations impression of 
“Everything Is F-ing Awesome Baby!” bullshit we’ve become accustomed to 
almost every “Hoover Dam” day … shows just how effective the propaganda is 
at convincing Sheeple to plow MOAR into “tulips” [a/k/a FAANG stocks].  
“We’re gonna need a lot more fairy dust Skippy”!

“Oh wait … U.S. Embassy in Turkey denies pastor rumor … nevermind 
… gosh, hope nobody got caught in that little lie paraded out by the usual 
suspects … well, mission accomplished cuz the Indices are off their lows, 
NDX100 above 7400 now, and that’s all that matters … I’m sure it’s just a 
coincidence that the whole shebang fits nicely into the “protect & defend” the 
NDX100 7400 level mantra the FED, PPT, & SNB are interested in maintaining 
… yup, couldn’t be anything more than a coincidence … nice job 
Dr. Goebbels”!

Round up the usual “Chipmunks” for the open ramp higher, then set the 
scumbag LP slippage meter to “screw ‘em, tag ‘em, & bag ‘em”, and you got a 
sense of the opening first half hour … “if Vito Corleone had any idea how to 
really steal money, they’d have found their way into brokerage & liquidity 
provider heaven”. And what does it look like? Directly below, see for yourself.

“Nice job, scumbag LP’s”!

Hell, this goes on all day, everyday … you go to sell it, and it’s at 7446.1 bid, 
and you get filled at 7445.0 [see black circles], and then blink your eyes, and 
it’s back to 46 … wow, what a coincidence from the wonderfully fair, honest, 
and upright friends at Turnkey’s LP banks … “couldn’t be they stole the money 
via the 1 point … nahhh … just your rotten luck they held the order up a few 
milliseconds until the HAL9000 bid could be changed lower to fuck your sell at 
the bottom, before bringing it right back a millisecond later … see how this 
works? … this is what is known in brokerage house circles as “duh, market 
conditions, duh” … now, STFU and get back to trading and generating 
commissions for us”!

And, it doesn’t matter what size you trade, they find a way to gyp the bid/offer. 
Today’s trade sees much higher volumes, and quite frankly folks, get ready for 
multiple thousand dollar results … good or bad, say goodbye to up/down 
fractions … trading futures lots is the only option for these markets.

A shipload of trades today … PAMM down a couple percent with the increased 
volume. More on this in tomorrow’s blog post.

Can markets be any more screwed up than they are now? I’ll address this 
tomorrow as well. Until then mi amigos … tonight I have a conference call with 
Turnkey, where shit is gonna fly … Onward & Upward!!

PAMM Spreadsheet will get done soon and be posted.

Have a great day everybody!!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!



 



 







 

No comments:

Post a Comment