FASTEN SEAT BELTS

“If you plan on trading at 2 PM EST, please get a copy of this book!”

OK, it’s “D-Day” for financial markets, as the clueless Twits from the faculty

lounge meet and decide interest rate policy … oh won’t this be a “shitshow

circus” of BS for the ages … get your hip boots on, and bring a very big shovel

… markets for their part, already pricing in end of the world “uber easing” and

MOAR! QE. Quite frankly, I don’t see how the FED can thread this expectations

needle with words, and a severe case of “buy the rumor, sell the fact” suddenly

is in vogue at exactly 22:00:01.

Markets overnight very quiet as expected, and it looks to be uneventful right up

to 2 PM EST, when all hell breaks loose … the only winners in the first 5 minutes

after the release, will be the scumbag LP banks, who view today as their

Christmas … widen spreads, set the “slippage meters” to Quadruple “fuck the

customer”, and sit back and rake in the cash … cash that later this week over the

upcoming weekend gets distributed to regulators, exchange pooh bahs, assorted

POLS & Apparatchiiks, and brokerage house execs. Want some fun? … spend

the weekend at luxury car dealerships in the Hamptons, and watch for Bimbos

buying cars with cash … follow the money. But nah, nobody is gonna do that,

cuz everybody is making coin off of idiots who trade news like this … if you trade

at 2 PM EST, who’s gonna feel sorry for you? … but, it sure would be interesting

to know where Bambi got the cash for that new, shiny red Benz.

I don’t know what’s going on at Coinexx in the H33HKD … last night I traded it

with a 1 - 2 index point spread … I wake up this morning, and it’s at a 33 index

point spread … “hey LP morons, the FED doesn’t come until 2 PM EST OK?

… who feels like handing money to a bunch of greedy ass banks? … make an

honest market or go home"! … and what I think is going on, is that the LP’s don’t

feel like getting picked off in a thin, directionless market, where scalpers pick

their pockets with impunity cuz they know nothing is going to happen before the

FED announcement … so, how do you defeat scalpers? … make the spread 33

index points, and it’s problem solved! … that’s what’s going on, despite the

bullshit from customer service & support, where like at every brokerage house,

all you hear is nothing is their fault, all the while they’re picking your pocket

clean.

Cuz what bothers me, and what would make my chili HOT, is putting on a trade at

1 - 2, and then blinking your eyes to find the spread has widened to 33 … you

wanna see fire & brimstone? … wherever you’re sitting, that noise you here is

me! It’s too soon to tell, so I’m not going to jump to conclusions [much], but I

don’t like the way this looks, and management is going to have to address it with

me here shortly.

Other than that, not much to report. I’ll be back between 4:00 - 5:00 PM EST with

an update below on the FED’s idiocy … until then mi amigos!

-vegas

UPDATE 4:15 PM EST:


Yup, just like I predicted, Turnkey’s MT4 crashed and burned 1 second after 2, and
I got intermittent service for the next 8 minutes … and once gold topped, which
coincidentally came at that same 8 minute mark, suddenly the machines work
again … amazing thing coincidences, they always seem to screw the customers
don’t they? … I’d bitch, but what’s the point? … the last 40 times they haven’t done
anything about it, why change now?

I’m kind of surprised we’re hanging around slightly above 1350 … even with a

dovish tone, an awful lot is baked into the rate cut cake … next up on the

“shitshow circus” agenda is the Trump - Xi circus, where failure will be on

parade. As long as stocks stay steady to higher, it’s gonna be tough sledding to

get by 1360 - 1370, but breaks should be somewhat supported, if we can get

some that last longer than 10 milliseconds. All told, today wasn’t the end of the

world as we know it in finance, and it appears to me the reason is, flat out the

banks knew what was coming and were positioned for it, so no real surprises as

far as they are concerned. Action got rather heated there for a while, and many

M1’s had ranges in excess of $1 … as quick as it would rally, it subsequently

went down even faster, turned around and rinse & repeat … for all that action,

not much to show for it, a classic bank selling spree for those wanting to get

long.

I have a sneaking suspicion, the “Chuckleheads” in Asia will try and goose gold

past 1358 tonight and set off stops … I might stay up and risk some beauty sleep

over it, but I can sleep more when I’m dead! … hahahaha … anyway, we’ll see

what happens.

Onto tomorrow … Onward & Upward!!

Have a great day everybody!

-vegas

UPDATE 4:15 PM EST:
Yup, just like I predicted, Turnkey’s MT4 crashed and burned 1 second after 2, and
I got intermittent service for the next 8 minutes … and once gold topped, which
coincidentally came at that same 8 minute mark, suddenly the machines work
again … amazing thing coincidences, they always seem to screw the customers
don’t they? … I’d bitch, but what’s the point? … the last 40 times they haven’t done
anything about it, why change now?